Why some "sovereign" banks are not members of SWIFT? and can only communicate via KTT?

Membership requirements

Find out who can join Swift and the eligibility criteria for different types of user.

Find out about the different eligibility criteria for becoming a member of the Swift community.

Who can join?

Our community includes:

• Banks
• Payment, securities and treasury market infrastructures
• Broker/dealers
• Custodians
• Investment managers
• Fund participants
• Corporates
• Exchanges
• Matching utilities
• Clearing houses
• Other users of secure financial communications.

Companies and institutions must submit an application to become authorised Swift users in order to connect to Swift and use our products and services.

What are the eligibility criteria?

The eligibility criteria for joining Swift are defined by user category in our Corporate Rules and By-Laws.

For more information, please click the below link:

Membership requirements | Swift