Thursday, 7 July 2011

Global Tier

A customer just asked me about the Global Tier on SWIFT. he asked what Global Tier is . I said, I have no idea. wait in a bit. I will  search it on the document.

Global Tier definition.

The global tier is an index, ranging from 1 to 20, that is assigned to each financial institution.
The global tier of a financial institution reflects the aggregated invoiced fees for the eligible services of that financial institution.

The global tier is used to determine the traffic and usage prices for the majority of SWIFT services. This is the case for, amongst other services, the FIN service, InterAct, FileAct, and various Solutions.

Global Tier calculation

The global tier is calculated based on a financial institution's aggregated Network-based Invoice. The Network-based Invoice is the sum of the amounts invoiced to all SWIFT users that are part of the financial institution for the usage of the network-based SWIFT services (traffic) over the previous 12-month period. The rolling 12-month period alleviates the impact of seasonal effects and traffic anomalies.

For financial institutions that subscribed to the Fixed Fee for Messaging Programme, the global tier calculation is not based on the Fixed Fee but will be based on the actual traffic valued at the then current price list.

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