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Show me the money

Show me the money

Source: Real-Time Nostro Account Information Steering Group

Four members of the Real-Time Nostro Account Information Steering Group — Bank of America, JPMorgan Chase, Mizuho Corporate Bank, and the Royal Bank of Scotland — worked together to refine the value proposition for the implementation of SwiftNet Cash Reporting.

The paper is presented in response to discussions held at Swift’s Open Forum in November 2005 and at Cable & Wireless’ User Group in December 2005.

While a consensus emerged of the benefits, there were concerns at the absence of hard information to make a compelling business case. To rectify this, four of the RTN steering group members agreed to come together to share experiences and best practice, and present to the market for comment and debate the wider cross-functional business opportunities and benefits identified.

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