Society for Worldwide Interbank Financial Transactions (SWIFT)

Definition

A non-profit organization developed by European bankers to provide a secure international communication system between banks. SWIFT has also developed a list of bank identifier codes (BIC) which are assigned to any bank involved in international money transfers. A SWIFT code identifies the name of the bank and the city and country in which the branch is located. Also called Society for Worldwide Interbank Financial Telecommunications.

单词	Society for Worldwide Interbank Financial Transactions (SWIFT)
释义	Society for Worldwide Interbank Financial Transactions (SWIFT) Definition A non-profit organization developed by European bankers to provide a secure international communication system between banks. SWIFT has also developed a list of bank identifier codes (BIC) which are assigned to any bank involved in international money transfers. A SWIFT code identifies the name of the bank and the city and country in which the branch is located. Also called Society for Worldwide Interbank Financial Telecommunications.
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