Named SWIFT accounts for POBO and COBO.

Pay suppliers abroad and collect the Wires they send back, both in
your customer's own name.

POBO: Payment on behalf of

Send global payouts from their own account when available.

SWIFT payout
On hold
Documents requested
Waiting
Compliance review
Reviewing
Ready to send
Cleared
Invoice and 6 more 30 days to submit. 8 days to review.

Attach the invoice, and the reference reaches their statement.

COBO: Collection on behalf of

Collect global Wires into each customer's named account.

USD account
Named
BeneficiaryMeridian Foods LLC
SWIFT / BICXXXXUS33
IBAN*****0424
Wire received
48.500,00 USD

Every payin reports who paid and the reference they attached.

One account, both directions.

A named account per customer receives Wires from abroad and funds the payouts they send.

Know which reference each rail provides.

SWIFT returns a UETR. Fedwire adds an IMAD, while ACH returns only a bank reference.

SWIFT
Fedwire
ACH
Payout completed
SWIFT
UETR37d10eff-d450-4aba-a5d4-e3978f5a3343
Clearing systemSWIFT
Fieldprovider_uetr

The network assigns the UETR, so every bank in the chain refers to the same payment.