trade-finance-banks-applaud-swiftnet-tsu

Trade finance banks applaud SWIFTNet TSU

Trade finance messaging platform to go live before the end of 2006.

By Andrew Peck

October 12, 2006

As the global trade finance community continues to adopt open account relationships, the right solutions are required to get both banks and customers up to speed. At an institution level, massive technology investments in infrastructure have been made, but for all participants in the trade finance world, few initiatives will have the impact of the SWIFTNet trade services utility TSU.

Marketed by SWIFT as a collaborative centralised matching utility that is designed to help banks meet the supply chain challenge, trade finance banks and suppliers and vendors have reacted very positively to the development of TSU, which is anticipated to go live by the end of 2006. Presently, the new messaging service...

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