A recent inclusion to the Society for Worldwide Interbank Financial Transfers (S.W.I.F.T.) gives Philippine Business Bank (PBB) access and authority to send and receive authenticated messages such as foreign Letters of Credit, Telegraphic Transfers, Treasury transactions and other financial messages from the local and international counter parties with which the Bank has established its Relationship Management Application (RMA, formerly known as Bilateral Key Exchange-BKE).

This approval from Bangko Sentral ng Pilipinas (BSP) will allow PBB to process trade transactions in behalf of its clientele faster. Furthermore, inclusion to this Society opens the door for PBB towards global recognition, being the first savings bank in the Philippines to have the Authority from BSP to indulge in foreign trade transactions.

Said S.W.I.F.T. Membership is in consonance with the authority granted by BSP to PBB to issue foreign Letters of Credit and Pay/Accept/Negotiate Import/Export Drafts/Bills of Exchange as provided under Republic Act nos. 8791, 7906 and Manual of Regulations for Bank.

S.W.I.F.T is a worldwide financial messaging network which engages in the exchange of messages between member banks and financial institutions.