As announced in September, Swift customers will receive a rebate of 5% on their 2008 messaging usage, in addition to previously announced price reductions.
This is the seventh year running that SWIFT has announced a rebate for its community. The total value of the rebate is EUR 19 million and will be credited to customers in January.
Commenting on the rebate, Lazaro Campos, Chief Executive Officer said: "Over the last years, SWIFT's financial performance has been consistently solid; this performance has allowed us to issue rebates and decrease messaging prices which has helped our members to reduce their costs. Given the recent volatility in the financial sector, SWIFT takes pride in helping clients to improve their cost structure by redistributing to the community."