The reliability and accuracy of Bankersalmanac.com makes it an indispensable tool for the processing of international and domestic payments. Supplying critical settlement data, it:
Sourcing data directly from banks and primary sources, Bankersalmanac.com has extensive coverage of payments data including:
To ensure confidence, Bankersalmanac.com operates a 90-day update cycle for its standard settlement instructions (SSIs) and lists the date that they were last checked by the bank that provided them. The standard settlement instructions (SSIs) are categorised into commercial payments, foreign exchange and money markets. Bankersalmanac.com also shows SSIs for each settlement centre operated by a bank, including the SWIFT-BIC that should be used for notifications and confirmations.
92% of users rated the accuracy of SSIs on Bankersalmanac.com as good. **
Bankersalmanac.com highlights the principal location of SWIFT-BIC and clearing codes as well as other offices which share their use. In addition, Bankersalmanac.com shows the relevant connected SWIFT-BIC for each unconnected BIC to allow payments to be correctly routed. To facilitate cross-border payments, Bankersalmanac.com supplies clearing codes for 196 countries.
97% of users rate Bankersalmanac.com as good or excellent for payments information. **
Bankersalmanac.com’s IBAN Search helps validate an IBAN code by identifying the issuing bank and providing you with the associated IBAN BIC for use when making SEPA compliant payments.
95% of users rated the accuracy of the IBAN Search on Bankersalmanac.com as good. **
**Internal statistics December 2008
Having used a competitor's product in the past - I find Bankersalmanac.com the best product on the market, particularly due to the accuracy. The investment of a Bankersalmanac.com licence is immediately saved due to the accuracy of payments.
Bankersalmanac.com identifies the payment systems each bank participates in such as SWIFT, CLS and TARGET2. It also provides details of payments personnel for dealing with general enquiries, investigations and exceptions etc.
