Society for Worldwide Interbank Financial Telecommunications: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
imported>Doug Williamson (Layout.) |
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==Other links == | ===Other links=== | ||
* Society for Worldwide Interbank Financial Telecommunications http://www.swift.com/index.page?lang=en | * Society for Worldwide Interbank Financial Telecommunications http://www.swift.com/index.page?lang=en | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 09:19, 11 May 2015
(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
- Society for Worldwide Interbank Financial Telecommunications http://www.swift.com/index.page?lang=en
