Overview
This tutorial explains how counterparty approval works in Swft and what actions are available once a counterparty becomes active. You’ll learn how to deactivate a counterparty when it’s no longer needed, or request changes when updates are required—both of which follow defined approval flows to maintain control and accuracy.
1. Log in to your Swft Dashboard
From the Management tab → click on Counter Party
2. Deactivating an Active Counterparty
Click on the Active tab
2.1 Choose the counterparty you wish to deactivate
Click Deactivate
3. Changing an active counter party
3.1 Request a Change
Navigate to the active counterparty you want to update.
Select Request Change to initiate an update.
Click Submit Change Request once you’ve updated the necessary information
3.2 Counterparty Status Updates
Once a change is requested, the counterparty moves to Needs Approval.
The status will show Ready for Change Approval.
3.3 Approval will be sent to the Cash Manager
The Cash Manager reviews the requested changes.
They can approve the updates, making them active, or reject them, keeping the counterparty unchanged.
4 . Managing the Inactive Section
The Inactive section contains three status types:
4.1 Inactive
The counterparty was manually deactivated.
4.2 Created
A draft counterparty that was created but not submitted for approval.
4.3 Rejected
The counterparty was submitted, reviewed, but rejected by the checker.
