Search: SWIFT

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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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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

Tracking Consumption during the COVID-19 Pandemic

17 Mar 2022 Bulletin – March 2022
Rosa Bishop, John Boulter and Tom Rosewall
The COVID-19 pandemic was an unprecedented shock to the economy that caused large and unexpected changes in household spending behaviour.
https://www.rba.gov.au/publications/bulletin/2022/mar/tracking-consumption-during-the-covid-19-pandemic.html

Developments in Correspondent Banking in the South Pacific

21 Jun 2018 Bulletin – June 2018
Lindsay Boulton and Brett Winton
Caution should be exercised in drawing firm conclusions given that the data are based on transactions reported on The Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. ... While SWIFT is the most commonly used messaging system
https://www.rba.gov.au/publications/bulletin/2018/jun/developments-in-correspondent-banking-in-the-south-pacific.html

Two Years of Fast Payments in Australia

19 Mar 2020 Bulletin – March 2020
Emilie Fitzgerald and Alexandra Rush
It has been two years since the public launch of the New Payments Platform (NPP) and the Fast Settlement Service (FSS).
https://www.rba.gov.au/publications/bulletin/2020/mar/two-years-of-fast-payments-in-australia.html

The New Payments Platform and Fast Settlement Service

20 Sep 2018 Bulletin – September 2018
Alexandra Rush and Riaan Louw
A significant advance in the Australian payments system occurred in February 2018 with the public launch of the New Payments Platform (NPP).
https://www.rba.gov.au/publications/bulletin/2018/sep/the-new-payments-platform-and-fast-settlement-service.html

COVID-19 Stimulus Payments and the Reserve Bank's Transactional Banking Services

17 Jun 2021 Bulletin – June 2021
Jiawen Chen and Kristin Langwasser
The Australian Government introduced significant fiscal support measures to limit the negative economic effects of the COVID-19 pandemic and support economic recovery.
https://www.rba.gov.au/publications/bulletin/2021/jun/covid-19-stimulus-payments-and-the-reserve-banks-transactional-banking-services.html