STN for SWIFT
Outsourcing your firm’s SWIFT connectivity eliminates the resources needed to implement and support a SWIFT environment in-house. STN for SWIFT provides a cost effective solution that acts on your organization's behalf to send and receive SWIFT messages to custodians and broker/dealers. A centrally administered communication hub ensures that communication is conducted through a single point, eliminating redundant messaging operations.
Brokerage products and services offered by STN are provided by SunGard Institutional Brokerage Inc., Member FINRA / SIPC .
Features
- Provides a secure and dedicated line to send and receive files throughout the day
- Stores messages before and after delivery to enable complete tracking
- Handles all SWIFT operations activities, including: all SWIFT formats, Bilateral Key Exchange, Secure Login/Select and Pre Agreements
- Extends to support additional SWIFTNet infrastructures and business solutions, such as FileAct, SWIFTNet Funds, SWIFTNet Exceptions and Investigations
- Validates messages and automatically attempts to fix errors prior to sending to SWIFT
Benefits
- Eliminates data center and maintenance costs by providing hardware and software
- Lowers cost of entry to SWIFTNet by accessing SWIFT through the SunGard CUG
- Ensures information availability with hosting through SunGard's business continuity centers and full disaster recovery plans
- Improves operational efficiency by automatically updating messaging in accordance with SWIFT annual updates and changes to its libraries and protocols