Professional Documents
Culture Documents
Transaction Services
Transaction
Services
MT798s
MT798s
SWIFTNet
SWIFTNet
SWIFTNet
Importer
Importers
bank(s)
MT700
Exporters
bank(s)
Exporter
MT798s
Documents
SWIFT
MT798 Connectivity solutions for customers
Corporate
ERP System
Front-Office
Trade Application
Flexible Connectivity
Options
Corporates Own
In-house
Development
Corporates
Own SWIFT
Interface
Or
Or
Corporate Banking
Relations
Citibank
Citi
MT798
Citis Internal
Trade System
Receive
From
Bank A
Vendor Ready
Trade Portal
Vendor Ready
SWIFTNet
Service Bureau
Bank A
MT798
MT798s
Bank A Internal
Trade System
Send To
Or
Or
Bank B
Bank B
MT798
Corporate Manual
Access to Vendor
Ready Portal
Third-Party
Service Bureau
Bank B Internal
Trade System
Swift MT798
Bolero
Corporates who currently have SWIFT cash flows with a bank may be
interested in expanding to Trade. Corporates who use more than five
banks for their Trade flows and have sizeable transaction flows might
be good candidates.
Corporates who use more than five banks for their Trade flows and
have sizeable transaction flows might be good candidates.
Most banks across the globe are SWIFT enabled. Some banks are
MT798 capable today, while others have stated that they plan to be
ready in the next nine to 18 months. Corporate clients are also
implementing or considering the MT798.
Citi has engaged with Bolero as well as other third party vendors
to support the needs of our clients.
4
SWIFT
for Corporates MT798
Implementation Model
The current implementation model for the corporate client
assumes that either a client in-house solution or a thirdparty vendor will facilitate the capability.
While various vendors may be able to facilitate MT798
for corporates, the following three vendors provide
Corporates with products or platforms and are currently
certified by SWIFT.
AC
APAC
esh Malik
Jitesh
ail: jitesh.malik@misys.com
E-mail:
rope
Europe
an Edmondson
Brian
ail: brian.edmondson@misys.com
E-mail:
A
MEA
rlos Teixeira
Carlos
ail: carlos.teixeira@misys.com
E-mail: