SWIFT's Trade Services Utility (TSU)
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SWIFT's Trade Services Utility (TSU)

Intuition Publishing
Updated Sep 24, 2020

With the growth in open account trading at the expense of documentary credits and collections, the role of the banking industry as an intermediary in trade finance was eroded. To address this and facilitate the increased use of open account trading, SWIFT launched its Trade Services Utility (TSU) in 2007. we Here you learn about SWIFT's trade services utility and the development of the TSU/BPO model. We discuss the use of a BPO and its benefits.