UFJ completes CLS transformation

Following the incorporation of broker matching functionality, the Japanese bank makes the move to SWIFTNet Accord.

In the finance technology world what really matters is the efficiency, cost and accuracy for the vendor, client and counterparties. As a global leader in standardized messaging services and interface software world, SWIFT is on the cutting edge of settlement and reporting technology, as demonstrated through its Accord solution.

Accessed through its IP network, SWIFTNet Accord is marketed as a fail-safe matching and exception handling solution for foreign exchange, money market and derivative confirmations. The solution can be accessed from any location around the globe and unlike some local solutions that are domestic applications, is 100% fraud resistant. It also features the must-have standard of the CLS world, the broker...

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