Society for Worldwide Interbank Financial Telecommunications: Difference between revisions

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* [[Payments and payment systems]]
* [[Payments and payment systems]]
* [[Standardised corporate environment]]  (SCORE)
* [[Standardised corporate environment]]  (SCORE)
* [[Swift Go]]
* [[SWIFT gpi]]
* [[SWIFT gpi]]
* [[SWIFTNet]]
* [[SWIFTNet]]

Revision as of 21:39, 17 November 2022

(SWIFT).

A co-operative organisation created and owned by banks that operates a network which facilitates the exchange of payment and other financial messages between financial institutions (including broker-dealers and securities companies) throughout the world.

It is a major international financial telecommunications network that transmits international payment instructions as well as other international financial instruments or messages.

A SWIFT payment message is an instruction to transfer funds; the exchange of funds (settlement) subsequently takes place over a payment system or through correspondent banking relationships.


See also


Other links