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SWIFT message matching

The Matching module enables real-time matching of messages based on user-defined rules.

  • Includes out-of-the-box settings for Treasury and Securities, with similar logic of the the discontinued SWIFT Accord.
  • It is installed as an in-house solution for all your trade operations, regardless of counterparty subscriptions.
  • Provides improved efficiency, increased STP and reduced settlement risk.
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Main Features

Out-of-the-box Matching Rules

The matching is driven by user-defined rules. The module is preset to cover Treasury and Securities messages, similar to SWIFT Accord. The rules are configured by API, and new rules can be added for any MT.

Inhouse Solution

It does not depend on the counterparty using the same reconciliation system. The module can be integrated and run as a standalone solution, pairing all your sent and received trade operations.

Matching and Chaining

Rule configurations support both matching and chaining; to reconcile messages exchange with a counterparty, or to reconcile a sequence of sent or received messages that belong to the same trade.

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Prowide Core (WIFE)


Prowide Core

Open source SWIFT Java library

For organizations that have sufficient internal resources to develop and manage its SWIFT software infrastructure.

Prowide Integrator


Prowide Integrator

SWIFT message development toolkit

For organizations looking for reduced efforts in the implementation and maintenance of its SWIFT software infrastructure.

Prowide Enterprise


Prowide Enterprise

SWIFT messaging platform

For organizations looking for a ready to use SWIFT message management application tailored to its own specific needs.

Matching Process
matching process

Given a source and target message, the matching process determines if the messages belong to the same trade, and can produce three different outcomes:

  • Matched: the messages correspond to the same trade, and all rules are completely satisfied.
  • Mis-Matched: the messages are related to the same trade, but some details differ.
  • Un-Matched: the messages are not related.

Un-Match

The primary rules define the fields that must correspond in the two messages to consider them as related to the same trade. If this fields differ the matching result is Un-Matched.

Mis-Match

If all fields from the primary rules match, the process continues with the set of secondary rules. Then if discrepancies are detected in these secondary fields, the matching result for the pair of messages is Mis-Matched.

Match

Finally, if the process does not detect any discrepancies in either the primary and secondary fields, then the pair of messages is considered to be successfully Matched.