Swift Cuts Joining Fee By 70 Per Cent To Attract More Non-Bank Players

SERVICES

The Brussels-based Swift international financial messaging organisation has reduced its joining fee by some 70 per cent in an effort to attract more users to the system and boost volumes, according to officials.

The fee, which many smaller banks and non-bank players in the financial markets had deemed too high to economically justify given their trading volume, has dropped from Bfr1.3 million to as low as Bfr200,000 for non-share-holding users of the system, says a spokesperson. Share-holdin

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: