SKOKIE, IL - April 4, 2005 - TFP, a division of SourceMedia and a leading provider of data and software solutions for financial and corporate institutions, today announced the availability of Standard Settlement Instructions (SSIs) within Global Payment Fileâ¢-Plus.
TFP's Global Payment File-Plus (GPF-Plus) is a relational database that locates payment routing information financial institutions throughout the world to improve straight-through-processing (STP) rates for payment messaging. In addition to the new SSIs, GPF-Plus includes: bank head offices and branch information from over 200 countries; SWIFT/BIC and CHIPs codes; correspondents by currency; and over 40 national routing codes separated by region.
TFP collects SSIs directly from the beneficiary banks using a data team located in offices around the world. These professionals gather various SSIs including accounts for Commercial Transactions, Derivatives, Foreign Exchange, Institutional, Money Markets, Trade Finance, and more.
"For recurring transfer of funds or securities, many organizations use SSIs each time a transaction is made,â said Brian Leibforth, product manager. "The addition of this data in GPF-Plus allows for payments to be processed more efficiently."