SWIFT(redirected from Swift (bird))
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved