Swift 

One of the things that bank saderat iran is proud of is that it enjoyed swift(                          ) in 1371 which made it possible to serve customers via(through) bank exchange departments /branches since 1374.

The purposes of using /applying/activating swift in bank saderat iran :

1-  to serve customers more usefully

2-    to facilitate commercial exchanges better and faster

advantages of serving customers via swift

1-    being standardized .

this system is designed in such a way  that, while transfering a message through / via web(this system ), it is possible to connect computers of  two banks  and accomplish all procedures of transferring a message without mankind’s/human intervention .

swift  institute

accepting   the standards of all international institutes such as / i.e. ISO ,ICC,ISDA,ISITC, SWIFT INSTITUTE , facilitates transferring messages between/among banks on web in such a way that all messages are abbreviated and standardized as much as possible .

being trustworthy

working with this system increases the trustworthy /accuracy of transferring messages up to 99.999 %  .

the evidence for this is that there have not been one missing message on this web in last 22 years.

If we consider / notice to  the number of 4,900,000 messages have been transferred daily up to now , so it can  be said/claimed  that trustworthy  of this system /web is 100%.

System security

Exchanging switch code between two users ,using complicated mathematical formulas and inserting/adding   another/ additionl code by swift automatically , has made it possible for common stuff and strangers to read or change messages , if they have access to swift messages , but only authorized stuff can work on/ use  this system and transfer messages being verified and  authorized before/ first .

Rate of transfering   messages

Due to important effects/ roles of acceleration on   accomplishing trade exchange affairs , it can be said that it just takes seconds to transfer a message , so the message will be delivered to swift right after authorized/ authenticated  signature is  done .

In addition , transfer  is done day and night  and there won’t be any delay for transferring messages .

Low costs / charges

In comparison  to other methods/ procedures of transfer   ring messages ,specially telex, swift is cheaper .

Since comprehensive standard signs  are used ,the length of the messages will be shorter and  swift charges/ cost  become lower consequently

Services available with / via swift  .

Due to classification of transferable messages via swift , following services classified in 10 types of messages  are  transferred to foreign banks and internal banks and their branches throughout the country and

Types of  messages and correspondence exchanged between swift  institute and its members :

1-    transferring money among customers accounts (from one account in one bank to another accnt in another bank )  , cheques , not payment of the cheques , drafts .

2-    confirmation of the foreign exchange transactions including  buying and selling foreign currency , disposal , time bargain , and draft .

3-    traveller’s  cheque , account statement , debit note, credit statement , and message of general treasury .

customers pay charges of swift messages according to foreign exchange tariff classification .

iran membership  at  swift   institute

bank saderat iran  is a permanent member of  swift institute  and it also has the right to vote .

shares of bank saderat iran  are more than 31 shares  (shares more than other members except national bank of iran  , so it has the right to vote in this system .

its membership in swift is considered the first step toward electeronic banking via internal  banking web, so these services are designed to serve customers of foreign exchange departments / branches throghout  country in order to accelerate banking transactions and to economize /save time and to present /give new banking services and plans to customers .