Swift Readies New Derivatives Message Types

Swift, the Society for Worldwide Interbank Financial Telecommunications, is due to go live with three new interest rate swap message types on November 25.

The vendor is also beefing up the derivatives functionality of its Accord matching service. These swaps matching features are due to go live during the first quarter of 1996, say Swift officials.

Swift has been working on three new swaps message types: 360, 361 and 362. These were initially designed to support electronic confirmation processin