If your company has accounts with several banks, SWIFT can help you centralize your cash management processes and harmonize your accounting using a standard recognized by the Swiss and international financial industry.
Single interface
Secure data exchange
International standard
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) messaging system lets large firms manage their in-country and international transactions and account reports through a single interface, separate from online banking platforms.
You have two options:
Various messages types (MT) are exchanged via SWIFT’s FIN messaging service, depending on the type of transaction.
BCV offers two message types:
- Request for transfer (MT 101)
This message is used to transfer available cash to a central cash-management system or to make a domestic or international payment to a third party. BCV’s role is limited to executing the payment order. - Customer statement message (MT 940)
This message lists all completed transactions and shows how much cash you have on hand.
