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SWIFT MT - Treasury and Foreign Exchange
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Technical Information
The SWIFT MT - Treasury and Foreign Exchange development tool provides financial institutions with the tools necessary to build SOA compatible treasury applications. The efficiency of SWIFT MT Treasury and Foreign exchange messaging can be greatly improved by this elimination of system redundancies and duplications.
The utilization of SWIFT MT - Treasury and Foreign Exchange tool to handle all SWIFT MT treasury messaging, leads to a simplification of maintenance tasks, improved control and lower operational costs.
Some of the many benefits provided by this tool include:
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- Component based solution embraces SOA by providing interoperability with existing applications and systems.
- Simplifies maintenance by consolidating existing redundant and duplicated systems.
- Lowers operational costs.
- The Database Connector provides full connectivity between the SWIFT MT messaging component and a relational database. This component enables the storage, retrieval and update of incoming and outgoing messages.
- Innovative database design enables data mining of all SWIFT MT message traffic.
- Parses and creates srg2009 compliant SWIFT messages.
The SWIFT MT - Treasury and Foreign Exchange development tool is a collection of Java classes that provide the following SWIFT (Society for Worldwide Interbank Financial Telecommunication) message functionality:
Parses and constructs all FIN messages in the following categories
Treasury Markets - Foreign Exchange, Money Markets & Derivatives (Category 3xx)
Treasury Markets - Precious Metals / Syndications (Category 6xx)
The tool contains a collection of objects and methods that provide all the functionality necessary to build treasury applications. It parses incoming SWIFT MT message which can then be accessed via the message tags in the SwiftMsgObject.
Construct a perfectly formatted outgoing SWIFT MT message by simply calling a method. The SwiftMsgObject handles all of the cumbersome formatting details of a SWIFT MT message requiring only the data as input.
The tool is supplied as a library of java beans and fully supports any SOA implementation.
These components are fully compliant with the latest SWIFT standards release guide 2009 (srg2009).
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