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
The Australian High-Value Payments System
19 Apr 2004
FSR
PDF
98KB
This system uses the global SWIFT network to carry customer payments, correspondent banking flows and the Australian dollar leg of foreign exchange transactions. ... This is also known as the SWIFT Payments Delivery System as it utilises the SWIFT
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304-1.pdf
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
See 2 more results from "RDP 2016-11"
Box D: Cyber Risk
10 Feb 2020
FSR
October 2018
PDF
556KB
https://www.rba.gov.au/publications/fsr/2018/oct/pdf/box-d.pdf
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
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
The Australian Financial System
13 Oct 2016
FSR
October 2016
PDF
469KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/aus-fin-sys.pdf
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
Overview
6 May 2021
SMP
- May 2021
PDF
153KB
https://www.rba.gov.au/publications/smp/2021/may/pdf/00-overview.pdf
The Australian Financial System
20 Oct 2016
FSR
– October 2016
Investigations to date suggest that the attacks were possible because of vulnerabilities in that bank's IT environment, rather than SWIFT's core messaging infrastructure. ... Nevertheless, SWIFT has announced a ‘customer security program’ in response,
https://www.rba.gov.au/publications/fsr/2016/oct/aus-fin-sys.html