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 technologist was the final guise of the white missionary, industrialization the last gospel of a dying race and living standards a substitute for a purpose in living.”
—Max Frisch (19111991)
“The standards of His Majestys taste made all those ladies who aspired to his favour, and who were near the Statutable size, strain and swell themselves, like the frogs in the fable, to rival and bulk and dignity of the ox. Some succeeded, and others burst.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (16941773)
“Barbarism is the absence of standards to which appeal can be made.”
—José Ortega Y Gasset (18831955)