Swift Swift Network & Connectivity 2

Question 1

What is SWIFT gpi (Global Payments Innovation) designed to improve?

Accepted Answer

Speed, transparency, and tracking of cross-border payments

Answer

SWIFT gpi enhances cross-border payments by enabling same-day processing, end-to-end tracking, and full fee transparency.

Question 2

What is the UETR in SWIFT gpi?

Accepted Answer

Unique End-to-End Transaction Reference — a UUID that tracks a payment across the entire chain

Answer

The UETR (Unique End-to-End Transaction Reference) is a UUID assigned to each gpi payment that enables end-to-end tracking.

Question 3

What does the SWIFT gpi Tracker provide to banks and corporates?

Accepted Answer

Real-time status visibility of cross-border payments

Answer

The gpi Tracker gives banks and their corporate clients real-time visibility into where a payment is at any point in its journey.

Question 4

Which SWIFT gpi feature allows a bank to request the return of a payment?

Accepted Answer

gpi Stop and Recall

Answer

gpi Stop and Recall enables a sending bank to request cancellation and return of a gpi payment that has already been sent.

Question 5

What is the SWIFT Customer Security Programme (CSP) designed to do?

Accepted Answer

Strengthen the cybersecurity posture of SWIFT users through mandatory controls

Answer

The CSP establishes mandatory and advisory security controls that all SWIFT users must implement to protect their SWIFT environments.

Swift Practice Test