Society for Worldwide Interbank Financial Telecommunications: Difference between revisions
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* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[SWIFT gpi]] | * [[SWIFT gpi]] | ||
* [[Telecommunications]] | |||
* [[Track and trace]] | * [[Track and trace]] | ||
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* [http://www.swift.com/index.page?lang=en Society for Worldwide Interbank Financial Telecommunications] | * [http://www.swift.com/index.page?lang=en Society for Worldwide Interbank Financial Telecommunications] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 01:48, 8 January 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
- Bank identifier code
- Broker-dealer
- CGI
- Electronic Banking Internet Communication Standard
- ISO currency codes
- Payments and payment systems
- SWIFT gpi
- Telecommunications
- Track and trace
