Swift Network & Connectivity Flashcards
6 cards from real Swift practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Swift Network & Connectivity flashcards as text
What is SWIFT gpi (Global Payments Innovation) designed to improve?
Answer: Speed, transparency, and tracking of cross-border payments
SWIFT gpi enhances cross-border payments by enabling same-day processing, end-to-end tracking, and full fee transparency.
What is the UETR in SWIFT gpi?
Answer: Unique End-to-End Transaction Reference — a UUID that tracks a payment across the entire chain
The UETR (Unique End-to-End Transaction Reference) is a UUID assigned to each gpi payment that enables end-to-end tracking.
What does the SWIFT gpi Tracker provide to banks and corporates?
Answer: Real-time status visibility of cross-border payments
The gpi Tracker gives banks and their corporate clients real-time visibility into where a payment is at any point in its journey.
Which SWIFT gpi feature allows a bank to request the return of a payment?
Answer: gpi Stop and Recall
gpi Stop and Recall enables a sending bank to request cancellation and return of a gpi payment that has already been sent.
What is the SWIFT Customer Security Programme (CSP) designed to do?
Answer: Strengthen the cybersecurity posture of SWIFT users through mandatory controls
The CSP establishes mandatory and advisory security controls that all SWIFT users must implement to protect their SWIFT environments.
What is the SWIFT Customer Security Controls Framework (CSCF)?
Answer: A set of mandatory and advisory security controls all SWIFT users must attest to annually
The CSCF defines the security baseline that SWIFT users must meet and self-attest compliance with each year.
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