Accord for Treasury

Accord for Treasury 

SWIFT’s Accord for Treasury is a fail-safe matching and exception handing solution for foreign exchange, money market and OTC derivative confirmation.

When a foreign exchange, money market or OTC derivative deal has been agreed, both parties confirm this deal by sending the appropriate SWIFT confirmation message. If either or both parties are Accord subscribers, SWIFT copies there messages to the central Accord matching service. This means that your counterparties do not need to be Accord subscribers for you to match trades with them.

Accord matches all confirmations and provides matching results in real time. Any subsequent messages sent for the same transaction are automatically chained to the previous messages, and result in a real-time update of the matching status.

Benefits:

• Reducing operational risk
• Lowering total cost of ownership
• Ease of access via GUI and/or API
• Improving optional efficiency

The SWIFT Accord’s common rule book covers many sophisticated rules, immediately available to anyone joining the service.

In addition, subscribers can define their own rules for certain mismatched and unmatched fields in specific contexts. Accord matches incoming confirmations based on the common rule book, combined with these user-defined rules specified for that particular type of deal where appropriate.