SWIFT for Funds: Bottomline’s solution for the fund industry

Bottomline’s SWIFT Access Service (SAS) is an innovative cost effective solution using SWIFT for Funds offering access to the SWIFT network through a SWIFT accredited service bureau.  The SWIFT for Funds solution meets the needs of those companies involved in investment management, fund management and administration, distribution platforms and their associated service providers such as transfer agents/registrars, fund accounting agents, trustees, custodians and portfolio managers.

SWIFT for Funds allows you to standardise and automate account openings and maintenance, orders, statuses or cancellations of orders and order confirmations, transfers, statements (of holding and transactions), reporting on price, cash flow, commissions, prospectus static data.   SWIFT for Funds now also covers standardised order flows for the alternative funds and pension funds industry as well as specific standards for the exchange of Funds Processing Passports (FPP).

In the past, high entry costs and the need for specialised staff to maintain the necessary technical environment has put SWIFT connectivity out of reach for many funds and investment management firms. However today there’s a better more affordable way to get the benefits. Bottomline’s SAS can take care of all your SWIFT connectivity requirements with our SWIFT-accredited Service Bureau.

Bottomline’s SWIFT for Funds solution enables a rapid set up and connection to SWIFT, access to full range of SWIFT solutions and services, low total cost of ownership for the back office and lower operational risk.