Trade Network Access Service (TNAS)
Grow your relationship management acquisition (RMA) community with reach and resilience
Grow your relationship management acquisition (RMA) community with reach and resilience
With trade ecosystems becoming more distributed, banks are facing greater compliance demands and operational complexity in maintaining SWIFT RMAs. BNY’s Trade Network Access Service (TNAS) offers a practical solution, enabling Letters of Credit (LCs) to be processed through BNY as an intermediary when no direct RMA is in place.
BNY provides access to 4,000+ banks through our extensive global network through a single SWIFT RMA, which centralizes RMA management and broadens trade finance relationships.
BNY performs ongoing know your customer (KYC), anti-money laundering (AML) and sanctions screening for every RMA relationship, helping to reduce manual compliance efforts and support monitoring requirements.
AI-powered LC processing helps accelerate trade transactions with reduced levels of operational risk and increased resilience.
TNAS is an award-winning service that combines advanced digital tools, robust security, regulatory compliance, scalable infrastructure and integrated analytics to make RMA management simpler.
TNAS provides visibility into the live status of LCs within BNY’s processing workflow, enhancing transparency, control and predictability across the transaction lifecycle.
LC confirmations or financing are available on a standalone basis, improving risk management and supporting clients’ trade finance needs.
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