Search: SWIFT
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
The Australian High-Value Payments System
19 Apr 2004
FSR
PDF
98KB
This system uses the global SWIFT network to carry customer payments, correspondent banking flows and the Australian dollar leg of foreign exchange transactions. ... This is also known as the SWIFT Payments Delivery System as it utilises the SWIFT
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304-1.pdf
Box D: Cyber Risk
20 Oct 2018
FSR
– October 2018
An example was the theft of US$81 million from Bangladesh Bank by an attack on their Society for Worldwide Interbank Financial Telecommunication (SWIFT) connected systems. ... SWIFT has introduced a ‘customer security program’ that establishes
https://www.rba.gov.au/publications/fsr/2018/oct/box-d.html
Box D: Cyber Risk
10 Feb 2020
FSR
October 2018
PDF
556KB
https://www.rba.gov.au/publications/fsr/2018/oct/pdf/box-d.pdf
The Australian Financial System
13 Oct 2016
FSR
October 2016
PDF
469KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/aus-fin-sys.pdf
The Global Financial Environment
8 Apr 2022
FSR
– April 2022
the SWIFT payment messaging system have made it very difficult for Russian financial institutions to transact with the rest of the world.
https://www.rba.gov.au/publications/fsr/2022/apr/global-financial-environment.html
5 April 2022 | Minutes of the Monetary Policy Meeting of the Board
19 Apr 2022
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 April 2022
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2022/2022-04-05.html
The Australian Financial System
20 Oct 2016
FSR
– October 2016
Investigations to date suggest that the attacks were possible because of vulnerabilities in that bank's IT environment, rather than SWIFT's core messaging infrastructure. ... Nevertheless, SWIFT has announced a ‘customer security program’ in response,
https://www.rba.gov.au/publications/fsr/2016/oct/aus-fin-sys.html
6 April 2021 | Minutes of the Monetary Policy Meeting of the Board
6 Apr 2021
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 April 2021
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/2021-04-06.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