RMA meaning in Business ?

Business Miscellaneous in Business . 1 month ago

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What is Relationship Management Application mean?

Relationship Management Application (RMA) is a service provided by SWIFT to manage the business relationships between financial institutions.

RMA operates by managing which message types are permitted to be exchanged between users of a SWIFT service:

the receiver specifies which message types are permitted, and sends this permission data to the sender,the sender checks the message type against the permission data before sending a message to the receiver.

RMA uses a SWIFTNet InterAct Store and Forward service to exchange the permission data between financial institutions.

RMA was initially scheduled for roll-out on the SWIFT FIN service as part of the SWIFTNet Phase 2 project in 2008.

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Posted on 29 Sep 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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