Martino
Wed Oct 02 2024
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6 answers
1286
How do I get money from SWIFT?
Excuse me, could you please elaborate on how one would typically go about obtaining funds through SWIFT? I'm curious to understand the process from start to finish, including any necessary steps, such as setting up an account or complying with specific regulations. Also, are there any limitations or restrictions that individuals or businesses should be aware of when using SWIFT for financial transactions? I'd greatly appreciate any insight you can provide on this matter.
Eleonora
Wed Oct 02 2024
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5 answers
832
Why is SWIFT moving to ISO 20022?
Why is SWIFT making the transition to ISO 20022? Is there a pressing need for this shift, or is it simply a matter of keeping up with industry standards? What advantages does ISO 20022 offer over the current system that SWIFT is utilizing? How will this change impact the way financial transactions are processed and managed globally? And finally, what steps is SWIFT taking to ensure a smooth and successful transition to ISO 20022?
DigitalEagle
Wed Oct 02 2024
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6 answers
866
How much does SWIFT account charge?
I'm curious to know about the cost associated with using SWIFT accounts. Can you provide an overview of the various fees that may be charged? Are there any upfront costs or are the charges typically incurred on a transactional basis? Additionally, are there any hidden fees or charges that users should be aware of? I'm particularly interested in understanding the cost structure for both sending and receiving international payments through SWIFT.
Raffaele
Wed Oct 02 2024
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6 answers
1630
Why is the Swift in decline?
Could you elaborate on the reasons behind the decline of Swift in the financial industry? Is it due to the emergence of newer, faster payment systems? Or perhaps the increasing demand for cross-border transactions and the need for more efficient and cost-effective solutions? I'm curious to understand the factors that are contributing to Swift's decline and how this trend is impacting the global financial landscape.
Andrea
Wed Oct 02 2024
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5 answers
1050
What is the difference between Swift and FIX?
Could you please explain the fundamental differences between Swift and FIX? I understand that both are widely used in the financial industry, but I'm curious about the specific scenarios where one would be preferred over the other. Swift, for example, is often associated with international payments and transfers, while FIX is known for its role in electronic trading. Can you elaborate on these differences and provide any real-world examples to illustrate their applications?
