Bank of China has announced that it has joined the SWIFTNet Trade Services Utilities (TSU), a new workflow and data matching engine for trade services built by SWIFT.

The SWIFTNet TSU is a collaborative centralised matching utility that is designed to help banks meet the supply chain challenge. Banks will build individually on the core functionality of the TSU to offer competitive services that will be complementary to their existing offerings to their corporate customers. The TSU became commercially available on 2 April 2007.

China Construction Bank and HuaXia Bank are also members of the TSU.

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