Corporates are able to use Broadridge's SWIFT Service Bureau to connect to the SWIFT network in a number of ways: as a TRCO (Treasury Counterparty), in an MA-CUG (Member Administered - Closed User Group), or within SCORE (Standardised Corporate Environment). Villeroy and Boch will use the SWIFT Service Bureau for its corporate treasury department's payments messaging and for connectivity with its banking partners using the SCORE approach.
The Broadridge SWIFT Service Bureau provides fast-track access to the SWIFT network for the full range of SWIFT messages including securities, treasury, derivatives, payments and cash management, all in a secure data centre environment along with a host of value-add services such as FileAct, message mapping, reformatting and white labelled web access.
"The Broadridge SWIFT Service Bureau gives us very quick access to SWIFT messaging capabilities for secure and standardised messaging, on a cost-effective basis," said Dr. Markus Warncke, Villeroy and Boch's Treasurer.
"We are delighted to welcome Villeroy and Boch as the first corporate client on our SWIFT Service Bureau. Our SWIFT Service Bureau, including our SWIFT Transaction Manager (STM), has been upgraded to cover the SWIFT standards, and to help meet the requirements and market needs of corporate clients. We have invested in our services to enable corporate usage either directly or via a firm's banking partner," said Andreas Günther, a Managing Director of Broadridge in Europe.
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services Group, with over $2.0 billion in revenues and more than 40 years of experience, is a leading global provider of technology-based outsourcing solutions to the financial services industry. Our systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Our systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities. For more information about Broadridge, please visit www.broadridge.com.
