SWIFT

Society for Worldwide Interbank Financial Telecommunication (SWIFT) is an organization that provides an automated fast and safe means of sending and receiving financial messages between financial institutions worldwide. SWIFT users include financial institutions such as banks, brokers, dealers or investment managers. Typical users of SWIFT deal with payments, securities, foreign exchange, money markets, treasury, and trade. SWIFT messages mainly include MT messages. A SWIFT message must conform to SWIFT standards and structure requirements.