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P.O. Box 13231, 1700 N. Congress Ave. Austin, TX 787113231, www.twdb.texas.gov Phone (512) 4637847, Fax (512) 4752053AGENDA ITEM MEMO BOARD MEETING DATE: TO:December 7, 2023Board MembersTHROUGH: Jeff
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BRD 08 Swift Funding refers to a specific type of reporting form used by financial institutions to document and report fund transfers made using the SWIFT network.
Financial institutions and entities that utilize the SWIFT network for international fund transfers are required to file BRD 08 Swift Funding.
To fill out the BRD 08 Swift Funding form, gather all relevant transaction details such as sender and receiver information, transaction amounts, and applicable dates, and complete the fields as outlined by the regulatory guidelines.
The purpose of BRD 08 Swift Funding is to ensure transparency and regulatory compliance in international fund transfers, allowing authorities to monitor financial transactions.
Information that must be reported includes transaction identifiers, amounts, currency types, sender and receiver bank details, and timestamps of the transactions.
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