Notices

SWIFT

From Traderpedia

Definition:
Abbreviation for the Society for Worldwide Interbank Financial Telecommunication.


The Society for Worldwide Interbank Financial Telecommunication ('SWIFT') runs a worldwide network by which messages concerning financial transactions are exchanged among banks and other financial institutions.

From a trading perspective, SWIFT is part of the foreign exchange market. The three letter abbreviations to designate individual currencies are SWIFT codes. They are also referred to as ISO codes.


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