I don’t believe that removal from SWIFT means an end to payments. Much more likely it makes the process considerably more manual, still worthwhile for larger tr

I don’t believe that removal from SWIFT means an end to payments. Much more likely it makes the process considerably more manual, still worthwhile for larger trades. Really it’s the hit to the volume of trades that does the damage. However, they might have to rely on the two parties (or their banks) having a bank in common. That gets harder as the banks themselves get sanctioned. Edit: see correspondent bank https://en.m.wikipedia.org/wiki/Correspondent_account https://en.m.wikipedia.org/wiki/Correspondent_account (13 years out of investment banking on the technology side. Never touched SWIFT directly but was involved in more than one in multi-bank project)