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.
Search Results
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
Identifying Interbank Loans from Payments Data
1 Dec 2016
RDP
2016-11
RTGS transactions are entered into RITS either directly (known as ‘cash transfers’) or indirectly via external feeder systems (either the SWIFT Payment Delivery System or Austraclear). ... The SWIFT system is predominantly comprised of payments
https://www.rba.gov.au/publications/rdp/2016/2016-11/full.html
The Australian Payments System and IBOC Market
15 Dec 2016
RDP
2016-11
RTGS transactions are entered into RITS either directly (known as ‘cash transfers’) or indirectly via external feeder systems (either the SWIFT Payment Delivery System or Austraclear). ... The SWIFT system is predominantly comprised of payments
https://www.rba.gov.au/publications/rdp/2016/2016-11/australian-payments-system-and-iboc-market.html