Society for Worldwide Interbank Financial Telecommunications: Difference between revisions

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===External link===
==External link==
* [https://www.swift.com/about-us Society for Worldwide Interbank Financial Telecommunications - about us]
* [https://www.swift.com/about-us Society for Worldwide Interbank Financial Telecommunications - about us]


[[Category:Cash_management]]
[[Category:Cash_management]]

Revision as of 01:50, 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


External link