Hello, can you explain the role of the ASI (Account Servicing Institution) in the MT103 quick message? Neil Gray, Head of Corporate Solutions at SWIFT, added: “Bilateral agreements are concluded directly between the company and each of its banks – SWIFT is not even a party.” The complexity of these agreements usually depends on the services provided by a given bank. For daily closing declarations, a unilateral correspondence agreement is often sufficient. However, when the bank executes payment orders, these contracts are usually longer and more complex. “For our part, SWIFT has developed a standard `presentation agreement` that banks can use and personalise with a number of grudges,” Gray added. “It became clear that X25 was becoming more and more fragile; SWIFT had the necessary geographical and commercial coverage. .