About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SWIFT Announces 16% Rebate on 2011 Messaging

Subscribe to our newsletter

SWIFT, the financial messaging provider for more than 9,700 financial institutions and corporations in 209 countries, announced today a rebate of 16 percent on 2011 messaging usage.

The new rebate will return approximately EUR 52 million to SWIFT users and will be paid in January 2012.

This rebate comes in addition to a 20 percent price reduction on FIN messaging introduced on 1 January 2011, one of the biggest price reductions ever given to the SWIFT community, amounting to annual recurring savings of EUR 70 million. These price reductions have been made possible thanks to the major cost restructuring programme initiated in 2009 and continued focus on cost management.

Addressing the SWIFT community at Sibos, the annual conference and exhibition organised by SWIFT, Yawar Shah, Chairman of the SWIFT Board and Managing Director, Citi, said: “The 16% rebate on top of the 20% structural price reduction demonstrate that continued efficiencies at SWIFT directly benefit its customers.”

Lázaro Campos, Chief Executive Officer, SWIFT said: “We are committed to reducing the cost of SWIFT to our customers as part of the SWIFT2015 strategy – this is an excellent example of our strategy in action.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

New Data Partnership Approach Urged for Investors in SimCorp Report

Investment managers must take a fresh approach to data management, stressing trusted partnerships with outside expertise over traditional outsourcing models, as they seek to adapt to a rapidly changing economic landscape, a report has urged. The binary build-versus-buy strategy that has been the basis of innovation adoption for decades has been upended by advances in...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...