SWIFT
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a member-owned cooperative that provides the secure messaging platform used by financial institutions globally. SWIFT does not clear or settle funds directly; instead, it transmits standardized financial transactions and instructions between correspondent accounts.
Aliases: SWIFT network
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).