Citi has enjoyed a long-standing partnership with SWIFT-the standard in managing the flow of financial information for more than 40 years.
As a leader in the industry, SWIFT is continually developing new technologies to accommodate the ever-increasing level of transactions, as well as the complex and sophisticated nature of the financial information it transmits. Citi, in turn, has worked hand-in-hand with SWIFT to successfully implement these advances-ensuring that we are always able to provide you with the most effective and efficient communications available.
This strong partnership is evidenced today with Citi being the largest user of SWIFT, connected on the network in over 100 countries, accounting for over 10% of the Securities Traffic and over 7% of the overall SWIFT FIN traffic.
Citi also supports FIN, InterAct and FileAct , ISO 15022 and ISO 20022.
FIN provides store and forward, guaranteed delivery of ISO 15022 messages.
InterAct provides real-time, interactive exchange of messages between parties by sending a request message to another application and receiving an immediate response message. This service is well suited for mission and time-critical applications. Designed to complement SWIFTNet FileAct and FIN, InterAct can also support tailored solutions for market infrastructures, closed user groups and financial institutions.
FileAct allows the automated exchange of files. It supports both interactive and an optional store-and-forward modes and is particularly suited for bulk transactions, securities value-added information and reporting.
SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 10,000 banking organisations, securities institutions and corporate customers in 212 countries trust us every day to exchange millions of standardised financial messages.
www.swift.com SWIFT, S.W.I.F.T., and SWIFT-derived product and service names are trademarks of S.W.I.F.T. SCRL.