SWIFT Module 7.1 SP10.July 2020 | Configuring SWIFT Module for Message Exchange over SAA | Defining Trading Networks Information | About Trading Partner Profiles | Why Are Trading Partner Profiles Important?
Why Are Trading Partner Profiles Important?
Trading partner profiles, trading partner agreements (TPAs), and processing rules, together define how you and your trading partners exchange SWIFT messages. Processing rules define the actions your company takes in certain transactions, as well as the actions you expect your trading partners to perform during those transactions. In fact, the definition of profiles, the configuration of processing rules, and the application of TPAs are what enable you to interact successfully with your trading partners.
You must define a trading partner profile for each of your trading partners and, additionally, one for your own organization (MyEnterprise).