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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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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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