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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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ISO 20022 Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
The SWIFT Payment Delivery System (PDS), covering clearing and settlement messaging between HVCS members. ... RITS Batch settlement arrangements that use SWIFT MT messaging (i.e. Mastercard, eftpos, and CHESS).
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/iso-20022-migration.html

ISO 20022 Migration for the Australian Payments System – Issues Paper | Consultations

8 Apr 2019 Consultations
Interchange Standards and Net Compensation
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system.html

Glossary | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
SWIFT FIN. The SWIFT messaging service that enables the exchange of MT messages. ... SWIFTNet. SWIFT's IP-based private global network for banking communication. XML. eXtensible Markup Language.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/glossary.html

Strategic Issues – Payment System Design | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
The majority of HVPSs around the world, including the SWIFT PDS, use SWIFT's Y-Copy messaging service (Figure 3). ... In addition, message routing and security are handled by SWIFT, as the network operator, at each transit point.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-payment-system-design.html

Strategic Issues – Scope of Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
These payments are bilaterally cleared using the SWIFT PDS between HVCS members and settled line by line in RITS. ... Austraclear cash transfer messaging – Cash transfers between Austraclear participants can be submitted to Austraclear using SWIFT
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-scope-of-migration.html

Glossary | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
SWIFT FIN (FIN). The SWIFT messaging service that enables the exchange of MT messages. ... SWIFT InterAct (InterAct). The SWIFT service that enables the exchange of ISO messages.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/glossary.html

Project Scope | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
The NPP operates on a dedicated domestic network, and HVCS operates on the global SWIFT network. ... This is expected to align to the SWIFT cross-border ISO 20022 migration timelines.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/project-scope.html

Introduction | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
Some of these services and systems use the Society for Worldwide Interbank Financial Telecommunication (SWIFT) Message Type (MT) messaging standards for messages used in trading, clearing, settlement and payments. ... SWIFT's end goal is to fully migrate
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/introduction.html

Message Design Enhancements | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
Please explain your view. Footnotes. For example, as part of SWIFT's cross border ISO 20022 migration, structured agent identification data will be mandatory from the start of the coexistence phase ... This practice is in line with SWIFT's Harmonisation
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/message-design-enhancements.html

Innovation Gaps in the Australian Payments System | Strategic Review of Innovation in the Payments System: Issues for Consultation June…

7 Jun 2011 Consultations
To that end, the International Standards Organisation (ISO), with SWIFT, has developed the ISO 20022 framework for payment messaging standards. ... Examples of its adoption include:. SWIFT helped to draft the original ISO 20022 standard and has used ISO
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/innovation-gaps.html