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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 International Reform Agenda: Unfinished Business

27 Feb 2001 Bulletin PDF 75KB
There is nothing particularly fairabout the disruptive scramble to be first outthe door: it is one of those cases where therace should not be to the swift – or the swiftestin fleeing.
https://www.rba.gov.au/publications/bulletin/1999/dec/pdf/bu-1299-2.pdf

More on Risks in Banking

23 Feb 2001 Bulletin PDF 43KB
We also have international linkagesthrough SWIFT to our overseas offices andtrading counterparties. ... The SWIFT Payment Delivery System,which will send customer and foreignexchange payments for real-timesettlement, went ‘live’ at the end of
https://www.rba.gov.au/publications/bulletin/1997/nov/pdf/bu-1197-4.pdf

The Many Faces of Risk in Banking

22 Feb 2001 Bulletin PDF 39KB
by August, the industry’s system fordelivering payments to the central siteusing SWIFT messages should be testedand ready to use; and. •
https://www.rba.gov.au/publications/bulletin/1997/jul/pdf/bu-0797-3.pdf

Bank for International Settlements – Annual Report

10 Jul 1993 Bulletin – July 1993
Early identification of the latent distress and swift intervention are crucial.
https://www.rba.gov.au/publications/bulletin/1993/jul/2.html