Swift gpi and Universal Confirmations

Swift gpi requires Swift members to adopt the use of a Unique End to End Transaction Reference or UETR

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Pending status (e.g. for sanctions of AML processing delays or awaiting funds or documents)

Rejection (e.g. Beneficiary details incorrect)

Passing on payment to a non-Swift payment service (e.g. local clearing)

Crediting of funds to the final beneficiary account