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Title: "SWIFT's Role in Industry Standards Development is a Benefit That Should be Leveraged and Protected"
Author: Mary Knox
Publication Date: June 26 2007
Free/Fee: Payment or membership required
Reads: 2319
Abstract: SWIFT is an industry-owned cooperative, supplying secure, standardized messaging services and interface software to financial institutions, and it is the primary carrier for international interbank payment information. In recent years, after opening up its membership to brokerdealers and investment managers, SWIFT has become a major carrier of securities messaging, primarily related to post-trade, clearing and settlement, and custody and asset servicing activities. Currently, almost 40% of the messaging traffic carried over SWIFTNet, the SWIFT-operated industry network, comprises Category 5 securities market messages.
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