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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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Domestic Economic Conditions

5 Nov 2020 SMP – November 2020
Statement on Monetary Policy – November 20203. Domestic Economic Conditions. A recovery in economic activity is underway across the country, but is proceeding at an uneven pace. Some industries remain constrained by mandated and voluntary social
https://www.rba.gov.au/publications/smp/2020/nov/domestic-economic-conditions.html

Overview

6 May 2021 SMP – May 2021
Globally, there has been a swift recovery in international trade as people switched their spending away from services and towards goods.
https://www.rba.gov.au/publications/smp/2021/may/overview.html

Economic Outlook

4 Feb 2022 SMP – February 2022
Graph 5.9. A plausible upside scenario hinges on stronger consumption than in the central scenario, driven by a swift resolution of the Omicron outbreak and benign health-related developments further
https://www.rba.gov.au/publications/smp/2022/feb/economic-outlook.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

8 May 2024 Submissions
Submissions – Payments System Submission to Payments System Review. Submission to the Review of the Australian Payments System. January 2021. Download the complete Submission 1.12. MB. The Bank considers that the existing regulatory arrangements
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Box A: Mortgage Interest Payments in Advanced Economies – One Channel of Monetary Policy

10 Feb 2023 SMP – February 2023
While Graph A.3 shows a swift move in Australian mortgage rates, households on variable interest rates do not typically face actual increases in their payments for two to three months
https://www.rba.gov.au/publications/smp/2023/feb/box-a-mortgage-interest-payments-in-advanced-economies.html

The International Environment

4 Feb 2021 SMP – February 2021
Among the drivers of this growth in exports has been strong global demand for goods and the swift rebound in industrial production in China.
https://www.rba.gov.au/publications/smp/2021/feb/the-international-environment.html

Figure 8.1 | Submission to the Financial System Inquiry – March 2014

19 Mar 2019 Submissions
5 billion through the SWIFT PDS feeder system and RITS Cash Transfers, and.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs/figure-8.1.html

International Economic Conditions

7 Aug 2020 SMP – August 2020
The main upside risk relates to the swift development of effective and widely available vaccine and medical treatments.
https://www.rba.gov.au/publications/smp/2020/aug/international-economic-conditions.html

International Economic Conditions

8 May 2020 SMP – May 2020
The deterioration in labour market conditions has been extremely swift and will have exacerbated the direct effects of the public health measures on spending.
https://www.rba.gov.au/publications/smp/2020/may/international-economic-conditions.html

Innovation and Technological Change in Financial Intermediation and the Payments System | Supplementary Submission to the Financial System…

13 Jan 1997 Submissions
Most foreign exchange (and some domestic securities) trades are confirmed and settled on the basis of messages sent over the SWIFT network which links financial institutions around the world.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-supplement-1997/innovation-and-technological-change-in-financial-intermediation.html