Is TWIST relevant only to large organisations?
TWIST is relevant to both large and small organisations, whether corporate or institutional clients, banks or other market participants. TWIST has a modular design, allowing organisations to prioritise implementation of those standards which are most relevant to them. In wholesale markets, large corporate and institutional treasuries, which act as price makers towards their subsidiaries or clients, and as price takers towards their banks, and / or with high volumes or stringent control requirements, are able to use a comprehensive suite of messages, spanning the whole process, as well as the appropriate control requirements. Small treasuries can simply use the messages that are relevant to them, for example deal capture, while ignoring other aspects such as the use of data transfer and rejection controls. TWIST also focuses on pragmatic solutions which can be supported by current infrastructures, and do not depend on single service providers or unstable solutions. For example, TWIST in
