Swift Launches New SSI/FX Directory To Reduce Errors & Improve Settlement


Swift has launched a new standing settlement instructions/foreign exchange (SSI/FX) directory to help financial institutions reduce paperwork and errors in payments, officials say.

The directory comes several years after banks requested Swift to develop a service that would allow them to send concise, rigid settlement instructions to their trade counterparts, says Wim Raymaekers, product manager for information services at Swift, who developed the directory.

"Today, banks exchange SSIs via mai

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: