The Renminbi is the second most used currency for cross border payments with China and Hong Kong
Brussels, 26 June 2014 – Swift’s RMB Tracker shows that the RMB is now the second most used currency for cross border payments with China and Hong Kong. In May 2014, 12% of cross border payments with China and Hong Kong were done using the RMB, up 36% from one year ago. The US Dollar remains in the top position, with the Hong Kong Dollar following close behind the RMB for payments to China and Hong Kong.
Experts: industry must adapt to address evolving terrorist financing threats
New paper recaps Counter Terrorist Financing discussion from Sibos
How to perform message template housekeeping in Alliance Access/Entry
Learn how to perform message template housekeeping in Alliance Access/Entry using the commandline tool "templatemgt".This tool allows you to selectively report and remove FIN & MX message templates in bulk using any of the following criteria
The United States jumps ahead of Taiwan as an offshore RMB clearing centre
Brussels, 3 June 2014 - Swift's RMB Tracker shows that United States' RMB payments value increased by 327% between April 2013 and April 2014, placing the United States at #3 in the world for RMB payments value, excluding China and Hong Kong. In April 2014, 2.6% of total RMB payments value was carried out via the United States, up from 1.3% one year ago. Singapore remains in the top position followed by the United Kingdom.
Want to win a free digital pass to Sibos?
We’re giving away free digital passes for this year’s conference. For your chance to win one of three, just correctly answer the question below. If your answer is correct, your name will be entered into a draw and the winners will be selected at random.
Entries close on 12 September and we’ll reach out to the three winners by email on the following days. Keep an eye out for future competitions announced in our Swift at Sibos newsletters. Good luck!
Innotribe selects 12 semi-finalists to compete in the African Startup Challenge
12 companies will compete in Mauritius on 18 May and get the chance to take their innovative solutions to the next level
University of Warwick wins the Swift Institute Challenge
The ‘HADU’ Student team from the Warwick Business School named winners of the inaugural Swift Institute Challenge on ‘Remittances via Banks’
Swift Institute launches competition for university students
New Swift Institute Challenge creates opportunities for university students in the UK to contribute new ideas to banking and financial services
Interbank Direct Debit with ISO 20022 (pacs.010)
Discover the structure of pacs.010.Be able to interpret and populate a pacs.010 by following the CBPR+ guidelines.Learning Objectives:What is a pacs.010?Blocks in a pacs.010Required elements in block credit instructionOptional elements in block credit instructionBusiness scenarios with pacs.010
FINplus Customer Payment Status Report with ISO 20022 (pain.002)
Discover the structure of pain.002 and its related flows. Be able to use a pain.002 in different use cases following the CBPR+ guidelines.Learning Objectives:What does pain.002 report on?Blocks in pain.002, required and optional elementsBusiness scenarios with pain.002