FIN

SWIFTNet's MT message service, store-and-forward.

Definition

FIN routes structured MT messages one by one, with syntax validation by Swift, acknowledgements (ACK/NAK) and storage when the recipient is unavailable. It is Swift's historical service for payments, securities, treasury and trade, progressively complemented by ISO 20022 over InterAct.

Origin

Service defined and operated by Swift, documented in the SWIFTNet FIN Service Description; the MT formats belong to the Swift MT message standard.

Example in context

An MT 940 (account statement) sent by a bank to its corporate customer travels over FIN, with an ACK confirming receipt.

Related terms

• SWIFTNet — host platform of the service.
• SWIFTNet FileAct — alternative for bulk files.