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Manjinder Jaul
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BSP TRADE wins SWIFTReady Securities Settlement Label 2006

ACTIS.BSP won in July the membership to the small club of the only three solutions providers allowed world-wide to display a SWIFTReady Securities Settlement Label in 2006. This highly-praised quality certificate granted by SWIFT (Society for Worldwide Interbank Financial Telecommunication) guarantees the fulfilment of strict requirements.

BSP TRADE cleared the last hurdle in June in a workshop with SWIFT managers both from La Hulpe in Belgium and Frankfurt. High on the agenda were the support of Market Practices as well as the integration of the BIC directory.

BSP TRADE won for the first time in 2002 already a SWIFTReady label of the securities range of products. In order to remain compliant with the constant evolutions of the international requirements, ACTIS.BSP has been ever since continuously developing the securities STP solution further. This on-going process ensured that all conditions were met to successfully renew the label in the subsequent years.

This consistent reactivity to market innovations enables ACTIS.BSP customers to enjoy future safe solutions.