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