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swift message

 

Definitions from the Web

Swift Message

Definition:

A Swift message refers to a standard format used for communication between financial institutions and banks worldwide. It provides a secure and reliable method for transmitting financial information, such as payment instructions, account details, and trade confirmations.

Parts of speech:

  • Noun

Senses:

  1. Message sent between financial institutions and banks worldwide

Usages:

Popular:

"The swift message containing the payment instructions was successfully transmitted from our bank to the recipient's bank."

Local:

"The local bank branch received the swift message and processed the trade confirmation accordingly."

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