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Hi friends,

SWIFT Code means? which phases are implemented this one? pls explain?



Former Member
Former Member replied

Hi Chandra

SWIFT is an abbreviation for Society for Worldwide Interbank Financial Telecommunications. It is a secure, inexpensive international messaging system which exchanges financial data among 7000 Financial institutions (FI) all over the world. It is a unique code assigned to each FI wherever the FI is located.

It is used for fund transfer globally.

What do you mean by which phases, etc?.

Hope this is useful.

S Jayaram

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