Financial Information ~ STUDENT POINT

Thursday, 27 March 2014

Financial Information

1. What is SWIFT?

SWIFT :- Society for worldwide Interbank financial tele- communication.

• India was 74th Nation to join SWIFT Network.

• SWIFT Code is a standard format of bank Identifier code. This code is used particularly in International transfer of money between banks.

• A majority of FOREX related message are sent to correspondent banks abroad through SWIFT.

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