Download factsheet SWIFT for Corporates

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For marketing purposes
Reliable and secure
With UBS SWIFT for Corporates, you gain direct access
to the global financial services industry
Purpose
Direct access to SWIFT
UBS SWIFT for Corporates offers international companies and
corporations secure, reliable and direct access to the financial
industry. We offer three access models: SCORE, MA-CUG
and TRCO, as well as the SWIFTNet FIN and SWIFTNet FileAct
services.
SWIFT for Corporates
SCORE
Standardized
Corporate
Environment
MA-CUG
Member
Administered
Closed User
Group
TRCO
Treasury
Counterparty
Standardized Corporate Environment – SCORE
SCORE can generally be accessed by any company. Unlike in
the past, when participation in SCORE was the sole preserve
of listed companies, all that has been needed since 2010 is
a sponsorship letter from a bank that takes part in SCORE.
This now also allows unlisted companies to also take part in
SCORE.
The SCORE service is based on a Closed User Group administered by SWIFT. As an associated company, SCORE allows
you to use SWIFT services with all participating financial
institutions. The services and message types supported are
determined by the respective financial institution, based on
the SCORE Implementation Guides.
Member Administered Closed User Group – MA-CUG
MA-CUG is available to all corporate clients and is a Closed
User Group administered by the financial institution. It differs
from SCORE in that you are able to exchange SWIFT messages
only with financial institutions with which you have concluded
a MA-CUG agreement for SWIFT. We administer a MA-CUG
with the same services and message types as SCORE.
Treasury Counterparty – TRCO
As a TRCO, a company is able to exchange forex or option
transaction confirmations with all financial institutions that
are connected to SWIFT. This provides access to financial institutions that neither participate in SCORE nor administer
a MA-CUG.
Anschlussmöglichkeiten
There are three different forms of connection to “UBS SWIFT
for Corporates” available to corporate clients. In the case of
a direct connection, the client maintains its own technical
connection and exchanges messages (SWIFTNet FIN) or files
(SWIFTNet FileAct) directly via SWIFT. If a client opts for connection via a service bureau, it sends messages and files to the
service bureau via an internet connection, where they
can be converted if required. The service bureau maintains the
SWIFT access for each client, while the client continues to
use its own BIC address. A third option, “SWIFT Alliance Lite”,
is available to clients with a low volume of messages and files.
This provides access to SWIFT via a web browser for manual
uploading and downloading of messages, or Windows-based
software for the automated transfer of messages and files.
Forms of connection
Direct
Client
Software
Service
Bureau
UBS
SWIFT
Client
Software
Bank B
Browser
SWIFT
Alliance
Lite
Bank C
Client
Software
Your key benefits
Costs
One interface for all your SWIFT messages and files
with SCORE and MA-CUG
• Optimal reliability and security thanks to the SWIFTNet
infrastructure
• Global access to all SWIFT participants
• One gateway for all messages and files, and connected
financial institutions
• No need to maintain several systems thanks to standardized
access and security
• Improved and fully automated processing (STP) based on
standardized formats
• Reduced costs and lower risks due to centralized monitoring
• SWIFT-compliant software providers help you configure the
SWIFT solution
SWIFT charges a fixed annual fee plus volume-dependent
costs (per message and kilobyte) for participation in UBS
SWIFT for Corporates. UBS charges the set-up costs and the
costs for the FileAct tests according to the time spent. Please
also note our normal transaction charges and fixed fees for
delivering reports (MT940/MT942 via SWIFTNet FIN).
Requirements
It takes just a few steps to set up a direct connection
with the financial industry
In order to communicate with us via “UBS Swift for
Corporates”, you need:
• a technical connection to SWIFT. This means:
– maintaining your own SWIFT gateway, or
– communicating via a service bureau, or
– connecting via “SWIFT Alliance Lite”
• a “SWIFT for Corporates” contract with us
• a contract with SWIFT
Alternative products
UBS KeyDirect
Direct connection (reporting and payment transactions) via the
X.Change and EBICS interfaces.
UBS Multibanking Services
Global connection to accounts at third-party banks for reporting and payment transactions.
UBS KeyLink
Cash management for professional users around the world.
UBS Trade Finance Access
A UBS proprietary tool providing various functions within the
context of Trade and Export Finance.
Contact us
We will be happy to answer any questions you may have.
UBS Switzerland AG
Client Solutions
[email protected]
Services and formats supported
SWIFTNet FileAct
FileAct formats offered
Company to UBS
UBS to company
ISO 20022
PAIN.001: Bulk payment order in ISO 20022 Format
PAIN.008: Delivery of SEPA Direct Debits
PAIN.002: Technical and Financial status messages
PAIN.002: Technical and Financial status messages
UN/EDIFACT
PAYMUL: Bulk payment order in EDIFACT Format
CONTRL: Technical status message
BANSTA: Financial status message
CIPHER: Message encryption based on X.509
CREMUL: Credits during the day
DEBMUL: Debits during the day
FINSTA: Account statements
(End-of-Day and Intraday)
Swiss DTA
FT62: Delivery of payment orders
in the DTA Format
FT63: SWIFT
(over FileAct)
MT 101: Single payment order in SWIFT Format
MT 101
MT 940: Account balance in SWIFT Format MT 940
MT 942: Intraday debits and credits in SWIFT Format
MT 942
Additional File Types
LSV+: Delivery of LSV file with electronic
signature
LSV+: LSV credit advices
BESR: BESR acknowledgements messages
(ESR type 3)
DTA reply message (processing protocol)
SWIFTNet FIN
Category 1
Client payments and
checks
Category 2
Financial Institution
Transfer
Category 3
Treasury markets
Category 6
Treasury markets –
precious metals
Category 7
Trade finance:
for data transfer,
the «envelope
message» MT 798
is used. The submessages are
encapsulated in
the envelope.
Category 9
Cash Management &
Customer Status
FIN message types offered
Company to UBS
101: 199: Request for Transfer
Free Format Message
210: Notice to Receive
300: 305: 320: 330: 340: 341: Foreign Exchange Confirmation
Foreign Currency Option Confirmation
Fixed Loan / Deposit Confirmation
Call / Notice Loan / Deposit Confirmation
Forward Rate Agreement Confirmation
Forward Rate Agreement
UBS to company
199: Free Format Message
300: 305: 320: 330: 340: 341: Foreign Exchange Confirmation
Foreign Currency Option Confirmation
Fixed Loan / Deposit Confirmation
Call / Notice Loan / Deposit Confirmation
Forward Rate Agreement Confirmation
Forward Rate Agreement
Settlement Confirmation
360: Single Currency Interest Rate
Settlement Confirmation
360: Single Currency Interest Rate
Derivative Confirmation
Derivative Confirmation
395: Queries
600: 601: Precious Metal Trade Confirmation
Precious Metal Option Confirmation
600: 601: Precious Metal Trade Confirmation
Precious Metal Option Confirmation
Guarantees / Standby Letters of Credit
Claim for payment
712: 761 / 784: Application for issuance
763 / 786: Request for amendment
778: Response to extend or pay
Request for reduction / release
783: Guarantees / Standby Letters of Credit
714: Response to claim for payment
743 / 744: Advice of amendment
745 / 746: Advice of issuance
762 / 785: Notification of the issue of, or the request
to a third bank
764 / 787: Notification of an amendment, or the request
to a third Bank
Advice of reduction / release
766: Query to extend or pay
777: 779: Notification of claim for payment
781: Settlement of claim for payment
Documentary Credits
Request for transfer
722: 735: Advice of acceptance / refusal of amendment
Response to advice of discrepancy
749: Application for issuance
770: 772: Request for amendment
Documentary Credits
731: Notification of advice of discharge
733: Notification of advice of refusal
Notification of acceptance / refusal of amendment
736: Response to the presentation of documents
737: 748: Advice of discrepancy
751: Notification of authorization to pay,
accept / negotiate
753: Notification of advice of payment / acceptance / negotiation
755: Notif. of advice of reimb. or payment
757: Settl. of payment and charges – import
758: Settl. of payment and charges – export
Notification of issuance
771: 773: Notification of amendment
774: Advice of Documentary Credit
776: Advice of amendment
Advice of third bank Documentary Credit
780: Advice of transfer Documentary Credit
782: Common Group
Free Format Message – corporate-to-bank
788: Common Group
Free Format Message – bank-to-corporate
789: Notif. of charges, interest and other adj.
793: 794: Request for payment of charges,
interest / expenses
999: 900: 910: 940: 942: 999: Free Format Message
Confirmation of Debit
Confirmation of Credit
Client Statement Message
Interim Transaction Report
Free Format Message
UBS Switzerland AG
P.O. Box
8098 Zurich
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