Core Facts
This is SWIFT's first rebate since 2008. The new rebate will return approximately EUR 50 million to SWIFT users and will be paid in January, 2011.
Sibos 2010 has attracted over 8,700 delegates, making it the biggest in SWIFT’s history. This year’s Sibos conference is being held in Amsterdam and runs until Friday, 29 October. More information on Sibos is available at: www.sibos2010.com
Quotes
"The 15% rebate and 20% price reduction represent the biggest single savings package ever given to the SWIFT community. These savings demonstrate that efficiencies at SWIFT directly benefit its customers." - Yawar Shah, Chairman of the SWIFT Board and Managing Director, Citi
"We are committed to reducing the cost of SWIFT to our customers as part of the SWIFT2015 strategy. This rebate and the previously announced price reductions represent combined savings of EUR 120 million to our community – this is an excellent example of our strategy in action." - Lázaro Campos, Chief Executive Officer, SWIFT
Related Links
About SWIFT
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 9,000 banking organisations, securities institutions and corporate customers in 209 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
Contacts
For more information, please refer to our website www.swift.com or contact:
Bite Communications (PR agency of SWIFT)
Rosemary Biggs
+852 2973 0222