SWIFT Module 7.1 SP10.July 2020 | Configuring SWIFT Module for Message Exchange over SAA | Working with Market Practices | Overview
Market Practices are specific requirements for individual markets. Using Trading Partner Agreements (TPAs), SWIFT Module supports customization of SWIFT FIN messages based on specific trading partner sender-receiver pairs. For example, two partners trading within France might have different processing requirements for their SWIFT FIN messages than two trading partners within Austria.
SWIFT FIN messages that are exchanged between two partners may have additional fields and/or a subset of key words. SWIFT Module enables you to maintain multiple versions of a given message that conform to different Market Practices.