Overview

With Swift GPI for Corporates, GPI flows are now directly integrated into corporate treasury applications (TMS/ERP), allowing multi-bank corporates to initiate and track their outgoing payments (Pay and Ttrace) and to be notified about incoming payments (inbound Tracking) in a bank-agnostic way.

GPI for Corporates delivers the following benefits:

• Multi-bank unique end-to-end reference generated at payment initiation

• Full visibility on outgoing and incoming cross-border transactions (time, routing, number of intermediaries, fees)

• Certainty and visibility on receivables with structured payment advice information, allowing for accelerated reconciliation and optimized liquidity management

• Improved supplier relationship with certainty of payment, proof of execution and proactive issue-resolution

With this set of APIs, GPI for Corporates payment tracking is now real-time allowing corporates to track their own payments and GPI for Corporates banks to track their customer’s payments.

As such, the GPI for Corporates APIs can be used in a tracker-to-bank mode to allow the GPI for Corporates bank to receive the tracking data from the Tracker and relay it to the corporate. The API connectivity between Tracker and bank happens via Swift (SDK/Microgateway). Being subscribed to GPI for Corporates is a pre-requisite to the use of these APIs over the Swift network.

Thanks to the standardized format of the GPI for Corporates APIs, multi-banked corporates are able to benefit from the same tracking experience for all of their transactions.

In a bank-to-corporate mode the API connectivity between bank and corporate happens via the API platform of the bank (and not via Swift) whereby the GPI for Corporates bank relays the tracking data to its corporate customer(s).

For more information on GPI for Corporates, see Swift.com

If you are a subscribed GPI for Corporates bank or corporate, please also refer to the Swift GPI -Rulebook for Optional Services - GPI for Corporates.

Types of GPI for Corporates API

Payment tracking

Allow servicing bank(s) and their corporate customers (via their servicing bank) to track Pay and Trace and/or Inbound Tracking transactions in real-time. 2 queries are available:

• UETR search: provides the status and the related transaction-level information regarding a specific (incoming or outgoing) transaction.

• Time-window search: provides the status of all transactions (incoming or outgoing) that have been updated within the specified timeframe.

GPI for Corporates Notification Management (GPI for Corporates banks only)

Allow GPI for Corporates banks to configure criteria to only enable the reception of GPI for Corporates notifications for a pre-defined list of customers and/or transactions.

Supported Developer Toolkit

This API will be supported by Swift SDK and Swift Microgateway.

Ordering and Provisioning

Subscribe to GPI for Corporates and start using the APIs.