Swift’s FIN message traffic peaked at an all-time high of 9,685,754 million messages at the end of September. More than one million of them were sent over SWIFTNet. FIN traffic year-to-date is ahead of plan, with 1.5 billion messages, representing a 12.4% growth in volume.
The drivers for this rise are payments reporting messages and Treasury messages, particularly MT 300 Foreign Exchange Confirmation. Messages sent via SWIFT per day have tripled in volume in the past seven years, up from three million in 1996 to nine million messages per day in 2003. FIN message traffic reached a record 1.8 billion messages in 2002, growing by 18.5% over the previous year mainly due to the launch of NewCHAPS in the UK and RTGSPLUS in Germany.
