SWIFT is a global financial cooperative that provides a secure, resilient network which enables more than 10,800 financial institutions to exchange information in standardised message formats, and provides industry-wide data and utility services. Investment managers typically use SWIFT messaging services to support automated post-trade processing. These messages are based on standards, which facilitate the straight through processing of the data they contain. Through these messaging services and related standards, SWIFT can help to cut costs and risks by increasing automation of information that investment manager's exchange with counterparties such as custodians and service providers.
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Category: Operational Risk | Published: 16 March 2015 | Type: White Paper