| Financial-Dictionary.org Financial jargon revealed... |
|
|
|
|
Dictionaries by Category
Financial News
|
| Definition Of: |
S.W.I.F.T. s.c.r.l
The cooperative organisation created and owned by banks which operates a network to facilitate the exchange of payment and other financial messages between financial institutions (including broker-dealers and securities companies) throughout the world. 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.
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
|
| |
Banking INDEX:
List of Terms: Terms beginning with "A", Page 1 |
|
1 2 3 A: Page 1 of 3.
|
|
|
|
|
| Copyright 2008, Financial-Dictionary.org. All rights reserved. |
|
|
