Swift Releases Tool to Facilitate Standards Implementation

BRUSSELS - Swift has released its Standards Developer Kit (SDK), aimed at enabling customers to easily implement Swift and ISO standards in an automated way, Inside Reference Data has learned.

The tool consists of three different applications - the MX Repository, which defines the structure and content of all messages, facilitating faster and flexible implementations; the MT/XML Schema Library, definitions for MT messages, which converts these to XML representation and back; and MT-MX Translation Reference, an executable reference implementation of Swift's published translation rules.

Brussels-based Stephen Lindsay, senior technical product manager, standards, Swift says: "SDK provides the machine-readable definition of the standards, directly eliminating the need to manually read and define standards."

The tool is already being used by some of Swift's clients, including Clearstream. "Swift's new SDK offers Clearstream, and its customers, enormous potential for savings in standards implementation compared with the traditional approach," says a Clearstream spokesperson.

Clients need not use the three applications, but can choose what resources to make use of to create messaging solutions, says Lindsay.

Swift is receiving increasing interest from clients using one of the applications to make use of the whole SDK potential by taking on the three different resources.