SWIFT on straight-through processing

Charles Welham, SWIFTÆs director of STP and Initiatives and Ian Buckley, regional director, talk to FinanceAsia.

Q Charles, as director of straight-through processing STP at SWIFT youve been doing audits around the world since 1996, looking into the levels of STP at various institutions. After around 50 of these reviews, what are your general views on the progress being made

Welham What we do in the STP reviews is measure the quality of traffic - the message quality. Thats become more important in terms of measuring against agreed market practice. Message formats and syntax are going to change in November this year and go completely live in November 2002. Theres been a lot of work done in market practice on what should be in a message to...

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