Direct Corporate Access Service
Move to SWIFT messaging through a Member Administered Closed User Group (MA-CUG)
We have set up a MA-CUG with SWIFT, which will enable your organisation to send payment messages and receive statement information from any Lloyds TSB account that is registered for the service. You can also generate payments out of your accounts with other financial institutions provided we have a bilateral agreement with them.
Swift messaging provides many benefits, particularly for those organisations that:
- Operate a Treasury Management System (TMS) or Enterprise Resource Planning (ERP) System, who require a single entry point to all their banks.
- Originate a large number of payment instructions and require accurate banking information on a daily basis.
- Operate globally, whose subsidiaries have accounts with another bank and/or are multi-banked.
The key benefits
- Long term cost reduction through back-office efficiencies.
- Highly secure messaging – SWIFT transactions are protected against manipulation and fraud.
- Standard SWIFT message formats can improve your straight-through-processing (STP) rates.
Features
- Messaging is provided by SWIFTNet, an Internet Protocol-based infrastructure managed by SWIFT.
- Send and receive messages either by SWIFTNet FIN for single messages or by SWIFTNet FileAct for bulk messaging.
- Send CHAPS, Euro Money-Mover and International Money-Mover payment messages.
- Receive regular statement information.
For further information on Direct Corporate Access Service:
Talk to your relationship manager.