Society for Worldwide Interbank Financial Telecommunications: Difference between revisions

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* [[MT]]
* [[MT]]
* [[MT940]]
* [[MT940]]
* [[National Payments Corporation of India]]  (NPCI)
* [[Payments and payment systems]]
* [[Payments and payment systems]]
* [[Payments Market Practice Group]]  (PMPG)
* [[Payments Market Practice Group]]  (PMPG)

Revision as of 00:08, 2 November 2024

(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 resources