Society For Worldwide Interbank Financial Telecommunication - Standards

Standards

SWIFT has become the industry standard for syntax in financial messages. Messages formatted to SWIFT standards can be read by, and processed by, many well-known financial processing systems, whether or not the message traveled over the SWIFT network. SWIFT cooperates with international organizations for defining standards for message format and content. SWIFT is also registration authority (RA) for the following ISO standards:

  • ISO 9362: 1994 Banking—Banking telecommunication messages—Bank identifier codes
  • ISO 10383: 2003 Securities and related financial instruments—Codes for exchanges and market identification (MIC)
  • ISO 13616: 2003 IBAN Registry
  • ISO 15022: 1999 Securities—Scheme for messages (Data Field Dictionary) (replaces ISO 7775)
  • ISO 20022-1: 2004 and ISO 20022-2:2007 Financial services—UNIversal Financial Industry message scheme

In RFC 3615 urn:swift: was defined as Uniform Resource Names (URNs) for SWIFT FIN.

Read more about this topic:  Society For Worldwide Interbank Financial Telecommunication

Famous quotes containing the word standards:

    The home is a woman’s natural background.... From the beginning I tried to have the policy of the store reflect as nearly as it was possible in the commercial world, those standards of comfort and grace which are apparent in a lovely home.
    Hortense Odlum (1892–?)

    If one doesn’t know one’s own country, one doesn’t have standards for foreign countries.
    Johann Wolfgang Von Goethe (1749–1832)

    In full view of his television audience, he preached a new religion—or a new form of Christianity—based on faith in financial miracles and in a Heaven here on earth with a water slide and luxury hotels. It was a religion of celebrity and showmanship and fun, which made a mockery of all puritanical standards and all canons of good taste. Its standard was excess, and its doctrines were tolerance and freedom from accountability.
    New Yorker (April 23, 1990)