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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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List of tables | 2017 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
45.6. 174.3. 167.2. SWIFT payments (HVCS). 42.3. 103.4. 103.4. Debt securities (Austraclear).
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/tables.html

Material Developments | 2014 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
This incident involved a disruption to the connection to SWIFT for 17 minutes. ... improvements to internal communications procedures during an incident. enhancement of the functionality that automates retrieval of SWIFT messages.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/material-developments.html

Appendix A: Background Information | 2014 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
This functionality can be accessed through either the RITS User Interface or via SWIFT messages. ... Sunday in April); these remain the times when settlement of SWIFT and Austraclear transactions ceases.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/appendix-a.html

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.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-b.html

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.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/material-developments.html

List of tables | 2015 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
RITS RTGS. 43.9. 167.8. 163.3. SWIFT payments (HVCS). 40.5. 103.8. 103.7.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/tables.html

Submissions on Consultation on ISO 20022 Migration for the Australian Payments System – Responses and Options Paper

9 Mar 2023
Payments System Board Submissions on Consultation on ISO 20022 Migration for the Australian Payments System – Responses and Options Paper
https://www.rba.gov.au/payments-and-infrastructure/submissions/iso-20022-migration-for-the-australian-payment-system/index.html

List of tables | Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
RITS Wholesale RTGS. 47.3. 178.8. 174.1. SWIFT payments (HVCS). 43.6. 107.2.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/tables.html

Material Developments | 2022 Assessment of the Reserve Bank Information and Transfer System

9 Mar 2023
The CSCF is a set of mandatory and advisory controls for SWIFT users, establishing a baseline security standard across the network. ... not possible, the SWIFT Payment Delivery System would change to a mode that enables participants to continue
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/material-developments.html

System Availability Statistics - 2022

9 Mar 2023
Cash Transfers. 100.000. 100.000. 100.000. 100.000. 100.000. SWIFT. 100.000. 100.000. 100.000. ... In November, an issue with internal SWIFT systems led to around 30 minutes of downtime for the SWIFT service in RITS.
https://www.rba.gov.au/payments-and-infrastructure/rits/system-availability-statistics/2022/