OREANDA-NEWS. January 17, 2014. This year Alfa-Bank’s corporate customers can on a day-to-day basis receive statements through the Internet Bank "Alfa-Client On-line" in the SWIFT format МТ940 on the accounts opened both with Alfa-Bank and other banks.

The new service makes it possible to meet critical challenges of a modern corporate treasury aimed to cut costs, manage liquidity and handle internal audit being yet another effective instrument in a safe and prompt communication of data.

Among other instruments highly appreciated by corporate customers are: drawing statements of accounts in the МТ940 format and sending them through SWIFT at any useful SWIFT-address of a legal entity. Alfa-Bank’s customers can also make notifications on crediting funds to customer accounts (МТ900 и МТ910) and transfer them to the consolidating bank.

The use of the new service in SWIFT communication through the Internet Bank "Alfa-Client On-line" does not require any additional equipment installed with the customer and is rendered free of charge. All the customer needs is to sign an additional agreement with the bank.

Major advantages in the use of SWIFT technologies for customers is the opportunity to promptly consolidate and send information on business liquidity, cut labor costs and bit error rate when generating and sending data.

Sergey Nikolaev, Banking Products Development Director at Alfa-Bank’s Transaction Business said: "By developing SWIFT technologies Alfa-Bank is becoming a partner for the customer’s business helping it to save one of the most valuable modern resources — time. Initiatives of such kind pay a good repute to the credit institution whose transaction business products for legal entities are in line with the highest market standards supporting businesses of all scales".