SWIFT

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SWIFT

Society for Worldwide Interbank Financial Telecommunications

A cooperative society that provides highly secure message communications between banks. It does not transfer money or any other financial materials, but simply provides information. It also standardizes forms between members so as to reduce costs and operational risk. Founded in 1973 and headquartered in Belgium, SWIFT has thousands of members in more than 200 countries worldwide.
References in periodicals archive ?
The conifer swift moth, spurred on by acid rain, may be pushing some forests over the edge.
After that brief coming out over 100 years ago, the conifer swift moth remained in the closet until 1982, when two graduate students of Vogelmann's noticed the larvae occurring in large numbers in their plots on Camel's Hump.
According to Wagner, the conifer swift moth belongs to a primitive family of moths known by two names-swift moths and, more commonly, ghost moths.