SWIFT for Corporations

Secure and reliable exchange of

financial messages
Achieving more together
 Contents
With its virtual distribution channel SWIFT for Corporates, Rabobank provides support for
3 RABOBANK AND SWIFT:
Worldwide standard for
corporates and financial institutions that use SWIFT as a channel for the fast and secure ex-
change of instructions and reporting information with various banks throughout the world.
exchanging financial data A solution for companies and financial institutions that operate internationally and interact
with a range of banks for settling their transactions. SWIFT for Corporates will also help insti-
4 SWIFT OFFERS TWO TYPES
OF SERVICES: SWIFT FIN
tutions to standardise their processes and systems landscape for their financial transactions.

and SWIFT FileAct.

4 SWIFT for Corporates

information and SWIFT for Corporates is a solution for corporates and financial
implementation institutions that operate internationally and interact with
a range of banks for operational cash management.

2 | SWIFT for Corporates Rabobank

 Rabobank and SWIFT:
Worldwide standard for exchanging financial data
SWIFT (Society for Worldwide Interbank Fi-
nancial Telecommunication) was established for
exchanging financial messages between banks. The
network used by SWIFT for that purpose – SWIFTNet
– provides a secure and reliable way for sending and
receiving data. With its Swift for Corporates connec-
tion, Rabobank is offering a product for companies
and financial institutions that carry out large volumes
of transactions on a regular basis. The key reasons for
corporates, pension funds, banks and asset manag-
ers to get connected to SWIFTNet are: standardisa-
tion, efficiency, autonomy and security. Using SWIFT
means that maintenance and adjustments for bank-
specific electronic banking packages, banking pro-
cesses and diverging formats are no longer required.
Corporates and financial institutions are less depend-
ent on specific banks as a result. The SWIFT messag-
ing standards apply worldwide.
Rabobank
What is SWIFT?
SWIFT has existed since 1973 and is an inter-
national cooperative organisation for the fast,
reliable and secure exchange of financial mes-
sages. Today, over 10,000 financial institutions
from 212 countries are connected to SWIFT.
Every day, millions of financial messages are
sent all over the world via SWIFT.
How does SWIFT work? The advantages of SWIFT
via Rabobank:
Companies and financial institutions that are
connected to SWIFT have a link to various banks - One standard
via their ERP package or Treasury Management - Lower risks and costs
System. Therefore they no longer need to adapt - Not dependent on specific banks
their processes, formats and/or systems to - Efficiency/cost benefits
financial packages for electronic banking. SWIFT
for Corporates supplements the other Rabobank
distribution channels for cash management: RIB-
PRO, RCM and ATT.
SWIFT for Corporates | 3
SWIFT offers two types of services:
SWIFT FIN and SWIFT FileAct.
1. SWIFT FIN
This is the oldest product on SWIFTNet. SWIFT FIN is
used to send individual standardised (MT) messages.
They can be differentiated by their purpose, for in-
stance: payment, pre-notification, or reporting informa-
tion. The messages are standardised and can accord-
ingly be processed rapidly and securely. The diagram
below depicts the possible transactions with SWIFT.
Set of standard messages makes full automation possible.
Request for Transfer (MT101)
Credit/debit advice (MT910)
Intra-day Statement (MT942)
End of day Statement (MT940)
More information
The efficient design of international payment
transactions is of cardinal importance for finan-
cial institutions and corporates. Rabobank Finan-
cial Logistics provides support to achieve this.
4 | SWIFT for Corporates
2. SWIFT FileAct
This can be used to send various types of files via the
SWIFT network. The key benefit of SWIFT Fileact is that
it allows corporates send different batch formats and
receive information via a single channel from multiple
banks. This speeds up payment processes and means
that SWIFT can also be used for higher transaction
volumes. Rabobank uses SWIFT Fileact to offer several
formats for the delivery of transactions and receiving
status –and accounting information, such as:
• SEPA (both Euro Payments and Euro Direct Debits)
•  BTL’91 (Dutch format for general international
payments)
• Statusinformation (via PAIN.002)
• Accounting information (via MT940s or CAMT.053)
Go to www.rabobank.nl/swift for more information
on Rabobank SWIFT for Corporates, and for options
for calling on the assistance of a SWIFT expert. In ad-
dition you can find specific information on SWIFT
SWIFT for Corporates
information and
implementation
Rabobank has a standard implementation process
for introducing SWIFT for Corporates. Companies
and financial institutions that are interested in
using SWIFT for the secure and reliable exchange
of financial information can contact the Financial
Logistics sales consultant at Rabobank.
A dedicated Rabobank implementation manager will be
assigned to each client during the introduction of SWIFT
for Corporates and will support that client throughout
the process.
on: www.swift.com/corporates. To make an
appointment, please contact your Financial
Logistics consultant.
Rabobank