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SWIFT : Society for Worldwide Interbank Financial Telecommunication

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17y ago

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What does SWIFT stand for?

The acronym SWIFT stand for Society For World Interbank Financial Telecommunication. SWIFT is a non profit messaging service type organization with its headquarters located in belgium. SWIFt offices are found in developing markets and also in the world's major financial centers. SWIFT is member owned and its membership consists of financial institutions. SWIFT was originally created as a security measure for interbank communications and transfer of funds and securities. Hope this helps.


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