Standard Bank supports the transmission of transactional and non-transactional financial information through the SWIFT network, including:
• Payment instructions (accounts payable and receivable)
• Transactional status reports
• Final statements.
What is SWIFT for corporates?
SWIFT (the Society for Worldwide Interbank Financial Telecommunication) offers a single, secure and reliable global channel for multi-banked corporate clients to exchange financial information with their bank. Using SWIFT, corporates can automate and standardise financial transactions, which helps to reduce operational inefficiencies and risk.
SWIFT provides better and more timely access to financial information, and offers a connectivity solution that is generic across banks and financial systems. This helps you to save through improved automation and reduced in-house treasury and information technology (IT) costs.
For more information on using SWIFT for your business contact your relationship manager.