Payment "tokens": a route to optimizing liquidity management?
This paper examines the opportunities for better management of intra-day and overnight liquidity in financial markets, using ‘tokenised’ rather than tiered money deposited with bank counterparts.
PAYMENT ‘TOKENS’: A ROUTE TO OPTIMIZING LIQUIDITY MANAGEMENT?
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As the international banking community unites its efforts against money laundering, terrorist financing and cyber fraud, reactive approaches to financial crime fall short and can lead to financial loss and reputational damage. Advanced data analysis is critical, but getting the right data can be difficult.
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The need for rich data in a shared ledger paradigm
The concept of a new, universal shared ledger for digital payments and assets is gaining interest as a way of transforming how transactions are recorded and settled. When combined with a messaging layer, a shared ledger could create a powerful proposition capable of supporting the rich, structured data exchange needed for transactions in regulated assets or money.
Latest SCORE enhancements and extensions
Following market feedback and demand from corporates and banks and in close collaboration with the Corporate Advisory Group (CAG), Swift has implemented a series of enhancements in SCORE.
Swift community to embark on migration to ISO 20022 for payments traffic
Following a large scale industry consultation Swift Board recommends a migration of payments traffic to ISO 20022 starting November 2021
Key takeaways from the 5th AML Directive
The 5th AML Directive (5AMLD) came into effect in early 2020 to mitigate criminal economic activity. The following is a summary of the key changes.
Intraday Reporting with ISO 20022 (camt.052)
Understand the structure of the camt.052.001.08. Be able to interpret a camt.052 by following the CBPR+ guidelines.
Notification to Receive with ISO 20022 (camt.057)
Understand the structure of the camt.057.001.06. Be able to interpret a camt.057 by following the CBPR+ Guidelines.
Swift opens its KYC Registry to corporates
- Global registry now open to Swift’s corporate customers
- Go-live follows testing period with 18 corporate groups supported by 16 global banks
Working groups – Payments
The following tables list the members of the various working groups that assist with Securities standards maintenance activities