A SWIFT consists of a one-page document containing the name and code of the originating bank, the date and

time, the address and code of the receiving bank, the name and internal code of the officer initiating the transmission, the names and numbers of the accounts involved in the transfer, a description of the asset being transferred, the MT category of the transmission, and acceptable, standardized phrases as described above. Society for Worldwide Interbank Financial Telecommunication SWIFT Definition: SWIFT stands for The Society for Worldwide Interbank Financial Telecommunication (SWIFT), which operates a worldwide network that banks use to exchange standardized electronic messages that are known as SWIFT MT codes. The SWIFT network transports message between parties it does not provide a clearing or settlement service..

Zero Balance Account Service Maintain separate depository and disbursement accounts for record keeping, monitoring and control; and automate the daily cash consolidation between the accounts. centralized management

Definition Management practice in most decision makers(who which all or have

the authority, control, and responsibility for the entire organization) are located in one central office (the headquarters).

AUTOMATED SWEEPS Excess cash is put to work for you overnight by paying down your line of credit, or it is invested to pay a high rate of return.

Currency overlay is a financial trading strategy or method conducted by specialist firms who manage the currency exposures of large clients, typically institutions such as pension funds, endowments and corporate entities. Typically the institution will have a pre-existing exposure to foreign currencies, and will be seeking to limit the risk from adverse movements in exchange-rates, i.e. hedge; and attempt to profit from tactical foreign-exchange views, i.e. speculate.

AUTOMATED SWEEPS Manage your cash flow more effectively and enhance your earnings potential with an automated sweep solution. Automated sweeps provide credit advances when you need them and quickly and efficiently transfer excess funds into investments.