NSD Holds Webinar on Connection to SWIFT

22 June 2016
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On 21 June 2016, National Settlement Depository (NSD), Russia’s central securities depository, held a webinar “Connecting to SWIFT via NSD: Continuity and Safety.” Company’s experts presented SWIFT shared connection services by NSD.

NSD is a certified Service Bureau of SWIFT operating on the Russian market. It provides clients with full access to all SWIFT services and is responsible for organizing interactions with the global network. Connection through the NSD Service Bureau allows clients to significantly reduce costs related to SWIFT services.

The service is beneficial mainly for the companies with the relatively low traffic of SWIFT messages. The Service Bureau helps clients avoid incurring costs for direct connection to the system, including the purchase of the special SWIFT equipment, reorganization of infrastructures and personnel, regular upgrade of the software, and compliance with the safety and business continuity requirements. The NSD Service Bureau covers all costs of meeting these requirements. An organization connected to SWIFT via the NSD terminal becomes a full member of the community and gets full 24/7 access to the system.

NSD as Russia’s central securities depository and the largest settlement infrastructure organization works closely with SWIFT and generates a substantial amount of traffic of messages in the system. NSD maintains the high level of cyber security. Thus, the Service Bureau clients use the advantages of the CSD’s cyber security technologies. The depository works on implementation of new variants of connection, develops software and technologies of the SWIFT terminal complex allowing to increase the system’s reliability and operational speed in response to the steady growth of the client message traffic.

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