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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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December: 1997-Sample Questionnaire

9 Mar 2023 Media Release
the time and day (eg 1200 on V1) and method (eg SWIFT, fax) when you routinely notify overseas correspondents of final and failed AUD payments due to them.

Material Developments | 2015 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
it works with SWIFT to diagnose systems problems and recover from any disruption. ... All SWIFT messages submitted to RITS were processed successfully by the end of the day.

What Went Right in the 1990s? Sources of American and Prospects for World Economic Growth | Conference – 2000

21 Jun 1990 Conferences
J Bradford DeLong
Possibly connected with the productivity speed-up is the sudden and swift fall in the American economy's NAIRU in the 1990s.

Consultation on ISO 20022 Migration for the Australian Payments System

8 Apr 2019 Media Releases
Recently, SWIFT announced plans to cease ongoing support of some MT messages used for cross-border payments after November 2025 and migrate them to the ISO 20022 standard. ... SWIFT's end goal is to fully migrate all payments and reporting traffic to ISO

Exchange Settlement Accounts for ESA Holders Eligible to use ...

17 Aug 2021 PDF 133KB
4.2.1 Dormant ESA holders using SWIFT to send instructions to their agents. ... If the SWIFT BIC is unknown:58D: /6 digit RITS Code Name of Beneficiary.

The Australian Payments System

1 Oct 1999 PSB Annual Report – 1999
The other two streams are Austraclear, an electronic depository and settlement system for other debt securities, and the SWIFT Payment Delivery System (PDS), the main vehicle for making payments which do ... Austraclear. 21.3. 2.6. Foreign exchange,

An Update on Australia's New Payments Platform

3 Oct 2018 Speech
Anthony Richards
Speech delivered by Tony Richards, Head of Payments Policy Department, to the Chicago Payments Symposium, Federal Reserve Bank of Chicago, Chicago

2019 Assessment of the Reserve Bank Information and Transfer System – Material Developments

9 Mar 2023
SWIFT Payment Delivery Service (PDS). Connectivity to the SWIFT PDS was restored just under five hours after the outage occurred. ... The assessment found the Bank to be fully compliant with the mandatory SWIFT controls.

1 December 2020 | Minutes of the Monetary Policy Meeting of the Board

15 Dec 2020 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 December 2020

Australia's RTGS System

31 Dec 2012 RDP 2012-06
Robert Arculus, Jennifer Hancock and Greg Moran
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