S.W.I.F.T: Addressing the Needs of the Global Securities Industry

Its ‘Next Generation’ program is an initiative to develop an Internet Protocol (IP) based interactive network to support a new generation of S.W.I.F.T. products and services As its messaging volumes continue to rise, the cooperative is preparing for new challenges facing the global financial industry. Its ‘Next Generation’ program is an initiative to develop an Internet Protocol (IP) based interactive network to support a new generation of S.W.I.F.T. products and services. In the 25 years of its existence, S.W.I.F.T. has registered an impressive track record of service. At the end of 1997, S.W.I.F.T. had 3,070 members, 2,621 submembers, and 681 participants. While in 1997, S.W.I.F.T. carried 812 million messages (an increase of 18% over 1996 volumes), in 1998 it expects to process over 900 million messages.