SWIFT
CIBC Mellon is committed to providing tools and technology solutions that help our clients implement business process improvements often resulting in improved service and cost savings.
Among available tools, CIBC Mellon supports SWIFT (Society for Worldwide Interbank Financial Telecommunication) messaging. In fact, CIBC Mellon was the first Canadian custodian to receive SWIFT entitlement messages from CDS. And, we were the first in Canada to introduce clients to SWIFT in 1997.
SWIFT messaging services at CIBC Mellon help clients communicate clearance, settlement, balance and position information securely, quickly and accurately.
By standardising and automating the business flows for a number of processes (including settlement, reconciliation, corporate actions, proxy voting, cash management and treasury functions), SWIFT helps eliminate error-prone manual steps, reducing operational cost and risk.
SWIFT’s global messaging network has been and continues to be an important vehicle for CIBC Mellon clients across North America, Europe and Asia. SWIFT messaging enables straight-through processing by seamlessly communicating with our platforms. As a result, clients enhance their operational efficiency.
SWIFT is a world-wide member-owned cooperative that provides a communications platform, with products and services connecting over 8,500 banking organizations, securities institutions and corporate customers in more than 200 countries. Additional information is available at www.swift.com
Please contact your CIBC Mellon relationship manager for a comprehensive listing of SWIFT messages and formats available to CIBC Mellon clients.