• Swift

    Enterprise, jointly managed by the international banking community, which provides banks across the world with a network via which they can exchange messages concerning payments to each other and securities transactions. These messages are considered to be binding. The confidentiality of this system of exchange is based on its membership to which a number of entry requirements are attached, a computer network which is closely safeguarded and well developed, and the use of a standardised code language for messages, whose format is centrally designed and managed by Swift.