HSBC readies for SWIFT trade pilot

The global bank will test a central matching and rules based engine that helps banks to compensate for the drop off in letters of credit.

HSBC is among a few Asian banks that, in December, will begin piloting a new standards engine offered over the SWIFT network. The Trade Services Utility (TSU) is a central matching and rules based messaging system that allows banks to send and swap information electronically, giving them the power to offer value-added services to importers and exporters.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media