What’s coming up?
New functionalities for payments and securities will be made available on the Swift platform through several releases. Release 1 will go live in November 2022 and focus on cross-border payments.
Key initiatives for capital markets
There are a number of engagement groups and pilot projects ongoing with our capital markets community as part of this transformation. Below are some of the key activities ongoing:
Screening securities identifiers (mainly ISINs)
As part of our financial crime compliance portfolio, we are working to implement ISIN transaction and list screening services ahead of the go live planned for 2022.
End-to-end transaction monitoring
We are working with industry participants to define service requirements, including enrichment of Standing Settlement Instructions (SSIs) or exception management and case resolution. We aim to deliver a first iteration of the service by end 2021 in pilot mode.
Latest news on securities
Pioneering securities tracking to tackle settlement fails
As the costs of settlement fails rise, the industry is increasingly using the Unique Transaction Identifier...
Fewer settlement fails through more visibility
Greater transparency into the trading lifecycle – enabled through the unique transaction identifier and Swift Securities...