Accord

The multi-asset confirmation matching solution

Accord

End of support announced for Accord

What's New

SWIFT secure e-mailing practices now limit the use of embedded links. The regular mailings from SWIFT to Accord users will now indicate this What’s New section at the start of the Accord webpage as the place to quickly find the most recent documentation.

  • Accord Migration Guide
    • This document is for project managers responsible for the execution of the migration of an Accord customer to an alternative matching solution.
  • Accord Retirement: Impact on Contract and Billing Process - updated
  • Matching Rules Guide
    • This guide provides an overview of the matching rules that SWIFT recommends be applied to the Category 3 and Category 6 confirmation messages. This document is for business analysts responsible for designing matching rules for a matching application.
  • LTA Data Export Service Proposal
    • This document describes the features and functions of the new LTA Data Export service that will first provide online access to the Accord Long Term Archival (LTA) application and then, at the time of the Accord de-activation, deliver customer’s archived data, packaged together with a query tool, the Data Manager for LTA. The document also describes the roles and responsibilities that apply to SWIFT and the customer in relation to the provision of the LTA Data Export service.
  • Data Manager For Accord Long Term Archival
    • Data Manager allows you to search through the CSV data files that have been generated if you have subscribed to the Accord LTA data export service.

    Background

    Following an in-depth strategic review SWIFT made the long term decision to retire Accord and help customers' transition to an alternative service by 31 October 2017.

    SWIFT has launched a new service to copy trade confirmation messages to third party matching service providers. The Confirmation Copy service enables Accord customers to select an alternative matching solution to receive copies of confirmations of their instruments traded, for all their branches and their counterparties.

    Long Term Archive documentation

    The export of the LTA Data files to subscribers of this service will commence in March 2018. Meanwhile the current on-line access to the central LTA remains available.

    SWIFT will use the secure mail service "SWIFT Post" to deliver this data which will require a download to be done by the receiver of the mail within 14 days of receiving the mail. Note that in order to extract and de-encrypt the data your SWIFT Security Officers need to be available to provide the required security certificates.

    The User Guide for the Data Manager for the Accord Long Term Archive can be downloaded here.

    Full documentation on the file formats, and fields is being finalised. We provide a summary below of what to expect:

    There will be two sets of files for each Accord Matching Entity

    • Detailed data in XML format
    • Summary data in CSV format

    You will receive a local database application "LTA Data Manager" that will use the summary CSV data to provide filtering and sorting functionality. Full details of any transaction are to be accessed external to Data Manager in the underlying XML record using an XML Viewer.

    Format of the data extraction

    • There is one file per message type (category) extracted from the LTA application, and per year.
    • Given there are up to 16 message types and up to 12 years of data, the maximum number of files per Accord Matching Entity would be 192. For some customers, however, data for some categories might be split in different files (due to large file sizes).
    • LTA Data Export Service Proposal
      • This document describes the features and functions of the new LTA Data Export service that will first provide online access to the Accord Long Term Archival (LTA) application and then, at the time of the Accord de-activation, deliver customer’s archived data, packaged together with a query tool, the Data Manager for LTA. The document also describes the roles and responsibilities that apply to SWIFT and the customer in relation to the provision of the LTA Data Export service.

    Useful information on Matching applications

    • Matching Rules Guide
      • This guide provides an overview of the matching rules that SWIFT recommends be applied to the Category 3 and Category 6 confirmation messages. This document is for business analysts responsible for designing matching rules for a matching application.
    • Central versus Local Matching
      • This 1-page sheet explains the difference between a central matching solution like Accord, and other local matching solutions
    • Matching Provider Profile Sheets
      • These sheets are regularly updated – most recent version is Q1 2016
    • RFP Sample questions
      • A standardised set of questions that can be included in RFI / RFP documents