SWIFT Access

Needs to obtain direct access to various World financial systems, eliminating 3rd party restrictions. Gain rapid business expansion by increasing financial services offered including credit card processing.

Solution

Acquire a seasoned Swiss Trust Company (STC) capable of obtaining a SWIFT license; establish a strategic correspondent banking arrangement to use licenses immediately.

Comments

The client was immediately afforded the ability to process money wires and transfers without the use of a 3rd party. Additionally, the client established the use of credit, debit and ACH facilities through the Swiss Trust Company and a processor. Further financial services including letters of credit, promissory notes and safe keeping receipts enabled him to increase profit by expanding the scope of his services. Finally, the STC established in 1975 provided the client a competitive edge based on the prestige associated with such an institution.