swiftmarketnews

Financial market infrastructures are establishing or renewing their payment clearing and settlement systems on domestic or regional level. They are faced with an array of financial market infrastructure solutions and services to choose from.

Market Infrastructures need a trusted third party to provide secure, reliable and proven messaging solutions. SWIFT is increasingly used by financial institutions to fill that role with the results that many clearing and settlement systems in payments on SWIFT as their messaging hub.
Several solution providers are offering suites of business applications and related professional services for high & low value payment systems and Central Depository Systems. SWIFT has signed a framework agreement with CMA.

CMA and SWIFT decided to combine their respective expertise in the clearing & settlement markets, helping Market Infrastructures to:

• Obtain compelling systems
• Ease the implementation phase
• Increase cost efficiency
• Reduce project risks

All these Clearing and settlement applications are enabled to use SWIFT for Payment Market Infrastructures.