Financial Market services

Enhanced regulatory demands, increased regionalisation, and new technologies are driving macro-level market shifts

Financial market macro-level shifts

Macro-level changes are affecting the financial markets on every level, and Financial Market Infrastructures (FMIs) need to respond to the community’s emerging needs. These include more rigorous regulatory demands, the need for efficient use of liquidity and collateral for trade reporting, and more robust infrastructure resilience.

The current shift towards regionalisation creates market harmonisation, interoperability and integrated economies. In this context, a common standard, such as ISO 20022, is indispensable, as it allows message formats to be streamlined, supports cross-border transactions and reduces inter-market friction.

As new technologies emerge, customers expect a 24/7/365, real-time experience.  This is resetting expectations for both financial institutions and the underlying market infrastructures that support these communities.

Responding to a changing landscape

  • Deliver reliable, secure, efficient services, with high volumes of transactions
  • Respond to market and regulatory pressures, all whilst minimising risk
  • Provide cost-effective solutions to financial institution clients

Financial market infrastructures must, at extreme scale, deliver secure, reliable, efficient and cost-effective services that successfully process financial transactions for an entire community, whilst responding the shifting market landscape and operating within a defined cost-basis.

Whilst steady and consistent delivery of their fiduciary responsibilities, at minimal risk, remains paramount, financial market infrastructures must also respond to the shifting market and support their entire community.

Our solutions

Real-time Payments

Peer-to-peer clearing for real-time payments

With the demand for real-time payments, SWIFT is developing infrastructure components for a distributed real-time payments clearing for Australia. Scheduled to go live in 2017, the underlying technology has the potential to be re-deployed in other markets.

Global Financial Messaging

Secure, standardised messaging

In the light of increased cyber threats, SWIFT provides secure, standardised messaging that links the FMI with their respective community of members, customers and counterparties – both domestic and cross-border.

Payments messaging

Supports high-value RTGS and low-value ACH business flows: customer and institutional credit and debit transfers, interbank payments processing, liquidity management and report management.

Securities messaging

Supports numerous CSD and CCP business flows: clearing and settlement, securities reconciliation, collateral management, corporate actions, netting, regulatory trade reporting and cash and liquidity management.

Copy Services

The service enables the sender of a message, or file, to automatically trigger a copy to be sent to a third party for processing or authorisation, for example, a central bank. It supports payments, treasury and securities transactions.

Resilience

Market Infrastructure Resiliency Service (MIRS)

MIRS is a generic RTGS system that provides operational and business continuity to RTGS operators in case of failure. MIRS acts on behalf of the RTGS and helps payment MIs comply with CPMI-IOSCO principles.

SWIFT for ISO 20022

ISO 20022 Standards Tools

MyStandards is a web platform that supports the management of global standards and market practice. It allows FMIs to create, maintain, document, publish, share, compare and consume ISO 20022 and significantly reduces implementation costs.

ISO 20022 Consulting and Training

As communities plan their move to ISO 20022, SWIFT has a range of consulting services that support the migration process, including ISO 20022 impact assessment.

ISO 20022 Interfaces, Integration Tools and Connectors

All of SWIFT’s interfaces, integration products, conversion tools and connectors are fully compatible with ISO 20022 messaging products.

Our commitment to market infrastructures and their communities means

  • world-class operational excellence and security
  • access to 230+ global market infrastructures
  • drive for standardisation, harmonisation and interoperability

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Financial Market services