Swift Offers Structured SSI Messages

LONDON - Interbank payments utility Swift is set to introduce structured and standardized standing settlement instruction (SSI) messages following requests from players in the FX market, officials tell Inside Reference Data.

In the past two years, Swift has worked with a group of FX market participants looking for standardization of SSIs. London-based Joe Halberstadt, senior markets manager in the securities team at Swift, says the group welcomed Swift to come up with a solution to address the p

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