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Hi friends,

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




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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