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Initial Subscription and Data Contribution
The following services related to the subscription to The KYC Registry are offered free of charge:
The initial subscription and creation of the KYC Group, all user management functionalities, the upload of the KYC Profiles (KYC data and documents) of all entities that belong to the KYC Group, the verification and validation of the uploaded KYC Profiles through SWIFT and the publication of the KYC Profiles on The KYC Registry.
Consumption Fee and maximum invoice amount (CAP)
SWIFT will charge a fixed fee for the consumption (on-screen access and/or download) of KYC Profiles provided by other members of the platform. The fee is payable at the end of the calendar year and entitles the KYC Group to consume a KYC Profile multiple times and without any further limitations during the year. SWIFT will provide automatic notifications should any data in a KYC Profile be changed by the contributing counterparty at no additional cost to the consuming KYC Group.
The fixed fee per consumed KYC Profile is based on the Global Tier of the consuming KYC Group. In 2018, SWIFT will also apply a Cap (maximum total invoice amount) above which all additional consumption is free. The Cap is set at the sole discretion of SWIFT at the beginning of the calendar year and will be provided upon request. Please contact your account manager for further details.
The SWIFT Traffic Profile
The SWIFT Traffic Profile subscription is available for each individual legal entity of a KYC Group. The subscription includes quarterly updates of the SWIFT Traffic Profile and the ability to publish selective elements of the SWIFT Traffic Profile on The KYC Registry so that it can be securely shared with other members of the platform. The fixed fee per SWIFT Traffic Profile subscription per legal entity is EUR 2,500 per calendar year.
The KYC Registry Adverse Media Services
Adverse Media Services are supplied by Factiva, a business and research tool owned by Dow Jones & Company. SWIFT makes this information available “as is” without amending or validating it in any way to ensure that it is provided as an independent neutral service. Adverse Media information is indexed and mapped, where possible, against the legal entity that is covered in the information, and automatic notifications can be enabled to monitor if new information related to a particular legal entity is published.
The subscription to The KYC Registry Adverse Media Service is available for the entire KYC Group and includes an unlimited number of users and downloads. The annual subscription fee is based on the Global Tier of the KYC Group and ranges from EUR 2,000 up to EUR 10,000 per KYC Group. Please contact your account manager for further details.
Order KYC Registry.