MASTER S DEGREE RESEARCH Researcher 5 th year student

MASTER’S DEGREE RESEARCH: Researcher: 5 th year student of International Economics Department Dmytro Lukianenko Scientific supervisor: G. Ya. Glukha, Doctor of Economics, Associate Professor DNIPROPETROVSK 2015

CONTENT SECTION 1 The theoretical problem of using the international SWIFT system in the banking system, working principle and message types SECTION 2 Analysis of using SWIFT system in PJSC CB "Privat. Bank" SECTION 3 Suggestions for improvement efficiency SWIFT system

The purpose of the research Research of swift system in the commercial bank operations and ways of improving The object of the research Review of SWIFT system in Cyprus branch Privat. Bank The subject of the research Option of automatic improvement of banking system by R-style

SWIFT - Society for Worldwide Interbank Financial Telecommunications

One of the most active operators of the SWIFT system in Ukraine is PJSC CB "Privat. Bank“. It has a lot of correspondent accounts in foreign banks which helps to make money transfers in the shortest terms and without any problems Privat. Bank as a SWIFT member have few advantages: 1. Safety messaging 2. Absolute data privacy 3. Instant information sending

Cyprus branch statistic 2014 Indicators 01. 04. 2014 01. 07. 2014 01. 10. 2014 Current accounts - number of transactions a) incoming SWIFT b) outgoing Swift 22 968 4 716 13 083 68 676 13 852 40767 39 617 122145 Income from the Swift payments - income from the Swift payments $ 751 197 USD - income from the Swift payments € 164 273 EUR 837 613 USD 191 032 EUR 285 965 USD 47 143 EUR

R-style - The system is designed for the all-round banking automation, is a valuable instrument of conducting the business of banking, and enables a board spectrum of bank's business processes and financial instruments to be automated.

Economic efficiency R-style Requests processing time Type of information processing 50 100 200 1000 8000 By hand 125 128 140 485 837 Automatically 80 83 95 400 725

CONLUSION Using modern automation systems brings a lot of advantages to bank. Research of system R-style showed economic efficiency despite the expensive equipment as the payback period is 8 months by increasing the number of requests and the coefficient of efficiency capital expenditures 1. 6.