DESCRIPTION

INTERNATIONAL PAYMENTS ANALYSIS is based on SWIFT FIN MT 103.

The analysis aims to provide a qualitative and quantitative/statistical evidence of INTERNATIONAL PAYMENTS, treating a specific set of information contained in the messages with a high level of granularity, up to the single relationship with customers.

Download here a demo output for your better guidance: Payments Analysis


TOOL

Banks are provided with a Desktop App which allows users to analyse message flows directly on their workstation, starting from a TXT copy of SWIFT FIN messages.

Data analysis is effected on premises by the bank, therefore data are retained for internal use only for the sake of privacy.

The App does not need any installation procedure nor the intervention of ICT.
The App needs a simple activation process which requires about 20 minutes and which can be run by phone or by email exchange.


DATA SOURCE

All the messages MT 103 must be stored as follows:

  • One month of traffic for each .txt file
  • Standard SWIFT FIN (ISO 15022) syntax must be observed – see here an example of Sent and Received messages
  • Messages must be made available to the bank’s user by the respective ICT (this is the only contribution requested to the banks ICT)


KPIs & INFORMATION

  • Statistics and Share of Wallet for Payments:
    – Zone – Countries (for Counterpart, Ordering and Beneficiary Banks)
    – Import / Export
    – Market Service (Direct, Intermediated & Correspondent Banking flows)
    – Domestic Distribution (only for IBANs which contains IBAN Bank Code & IBAN Branch Code)
    – Customer Accounts and description (IBAN Code & Description)
    – Currencies

Download here a demo output for your better guidance: Payments Analysis

For further details about Trade Finance Analysis please contact support@mirware.com.