Search: SWIFT
RBA Glossary definition for SWIFT
SWIFT – Society for Worldwide Interbank Financial Telecommunication. A co-operative organisation that operates a network for the exchange of payment and other financial messages between financial institutions.
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Resource Costs of Payments
31 Dec 2014
RDP
2014-14
The Reserve Bank has also overseen the linking of the COIN and the SWIFT network for the exchange of bulk files, thereby simplifying the process of sending settlement instructions.
https://www.rba.gov.au/publications/rdp/2014/2014-14/resource-costs-payments.html
Information, Intermediation and Capital Structure
1 Dec 1993
RDP
9315
Some argue that the banks' liability structure helps overcome the agency problem which arises between depositors and banks, as the potential for the swift withdrawal of deposits at par provides banks
https://www.rba.gov.au/publications/rdp/1993/9315/info-intermediation-cap-structure.html
The Australian Repo Market Microstructure
15 Aug 2018
RDP
2018-09
pm, when banks acquire information on how the processing of SWIFT customer payments has affected their liquidity position.
https://www.rba.gov.au/publications/rdp/2018/2018-09/the-australian-repo-market-microstructure.html
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Innovation and Technological Change in Financial Intermediation and the Payments System | Supplementary Submission to the Financial System…
13 Jan 1997
Submissions
Most foreign exchange (and some domestic securities) trades are confirmed and settled on the basis of messages sent over the SWIFT network which links financial institutions around the world.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-supplement-1997/innovation-and-technological-change-in-financial-intermediation.html
Key Financial Developments Since the Wallis Inquiry | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
The result was a swift tightening in financial conditions, at great cost to the global economy.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/financial-developments-since-wallis-inquiry.html