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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Domestic Economic Conditions
5 Nov 2020
SMP
– November 2020
Statement on Monetary Policy – November 20203. Domestic Economic Conditions. A recovery in economic activity is underway across the country, but is proceeding at an uneven pace. Some industries remain constrained by mandated and voluntary social
https://www.rba.gov.au/publications/smp/2020/nov/domestic-economic-conditions.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
These are made using the SWIFT Payment Delivery System (PDS), administered by the Australian Payments Clearing Association. ... These payments are predominantly small-value SWIFT customer payments. Graph 7. In contrast, settled payment values show two
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
ISO 20022 Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
The SWIFT Payment Delivery System (PDS), covering clearing and settlement messaging between HVCS members. ... RITS Batch settlement arrangements that use SWIFT MT messaging (i.e. Mastercard, eftpos, and CHESS).
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/iso-20022-migration.html
Box D: Cyber Risk
20 Oct 2018
FSR
– October 2018
An example was the theft of US$81 million from Bangladesh Bank by an attack on their Society for Worldwide Interbank Financial Telecommunication (SWIFT) connected systems. ... SWIFT has introduced a ‘customer security program’ that establishes
https://www.rba.gov.au/publications/fsr/2018/oct/box-d.html
Electronic Indicators of Economic Activity
10 Jun 2012
Bulletin
– June 2012
Nevertheless, SWIFT payments track changes in these measures of economic activity reasonably well (Graph 1, Table 1). ... SWIFT (Society for Worldwide Interbank Financial Telecommunication) (2012), ‘The SWIFT Index Technical Description’.
https://www.rba.gov.au/publications/bulletin/2012/jun/1.html
Overview
6 May 2021
SMP
– May 2021
Globally, there has been a swift recovery in international trade as people switched their spending away from services and towards goods.
https://www.rba.gov.au/publications/smp/2021/may/overview.html
Australia's RTGS System
31 Dec 2012
RDP
2012-06
Connection to RITS occurs via either the internet, infrastructure shared with the Australian debt securities depository and settlement system, Austraclear, or the Society for Worldwide Interbank Financial Telecommunication (SWIFT). ... Austraclear and
https://www.rba.gov.au/publications/rdp/2012/2012-06/aus-system.html
Features of the Market
15 Dec 2016
RDP
2016-11
As a result, non-evening agreed banks have the option, but are not required, to operate during the Evening session (via cash transfers or Austraclear, not SWIFT). ... During Australian Eastern Standard Time (winter), all SWIFT settlements finish by 18.30;
https://www.rba.gov.au/publications/rdp/2016/2016-11/features-of-the-market.html
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Introduction
23 Apr 2019
RDP
2019-03
We find that there are strong spillovers originating from Federal Reserve monetary policy announcements, leading to a swift repricing of fixed income markets globally.
https://www.rba.gov.au/publications/rdp/2019/2019-03/introduction.html
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The Global Financial Environment
8 Apr 2022
FSR
– April 2022
the SWIFT payment messaging system have made it very difficult for Russian financial institutions to transact with the rest of the world.
https://www.rba.gov.au/publications/fsr/2022/apr/global-financial-environment.html