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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 for the Australian Payments System – Conclusions Paper

25 Feb 2020 Consultations PDF 560KB
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/202002-iso-20022-migration-for-the-australian-payments-system/pdf/iso-20022-migration-for-the-australian-payments-system-conclusions-paper.pdf

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

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

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

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

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

31 Dec 2002 Consultations
Figure 8. Some respondents identified potential impediments to migrating domestic payments messaging by the end of 2024, ahead of SWIFT's cut-off for MT cross-border flows. ... A third option could rely on the ability of some translation services to
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/migration-approach.html

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

31 Dec 2002 Consultations
Achieving alignment with SWIFT's cross-border payments migration would require Australian domestic messages to migrate from SWIFT MT formats before 2025. ... Q18 a) Is your organisation affected by the timing of SWIFT's ISO 20022 migration for
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-migration-approach.html