The Commercial Aspects Of SWIFT
- SWIFT is a cooperative society owned by its members. All members pay a one-time joining fee plus annual support charges which vary by member class.
- SWIFT also charges users for each message based on message type and length. These charges also vary depending upon the bank’s usage volume; different charge tiers exist for banks that generate different volumes of messages.
- SWIFT has launched additional services. These are backed by the long history of data maintained by SWIFT. These include business intelligence, reference data, and compliance services and offer other income streams for SWIFT.
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