SWIFT
The Society of Worldwide Interbank Financial Telecommunication was formed in 1973 and is headquartered in Brussels. SWIFT operates a worldwide financial messaging network which exchanges messages between banks and financial institutions. SWIFT also markets software and services to financial institutions, much of it for use on the SWIFTNet Network.
SWIFTNet is the infrastructure used to exchange these documents and FIN, InterAct and FileAct are used to encode the SWIFT documents for transmission. The majority of interbank messages use the SWIFT network. As of November 2008, SWIFT linked 8740 financial institutions across 209 countries. The SWIFT document standard is split into four areas, Payments, Trade Services, Securities and Trading. A list of SWIFT document standards is provided below:
Customer Payments & Checks | |
| 101 | Request for Transfer |
| 102 / 102+ | Multiple Customer Credit Transfer |
| 103 / 103+ / 103 REMIT | Single Customer Credit Transfer |
| 104 | Direct Debit and Request for Debit Transfer Message |
| 105 | EDIFACT Envelope |
| 106 | EDIFACT Envelope |
| 107 | General Direct Message |
| 110 | Advice of Check(s) |
| 111 | Request for Stop Payment of a Check |
| 112 | Status of a Request for Stop Payment of a Check |
| 121 | Multiple Interbank Funds Transfer |
Treasury Markets–Foreign Exchange, Money Markets & Derivatives | |
| 300 | Foreign Exchange Confirmation |
| 303 | Forex/Currency Option Allocation Instruction |
| 304 | Advice/Instruction of a 3rd Party Deal |
| 305 | Foreign Currency Option Confirmation |
| 306 | Foreign Currency Option Confirmation |
| 307 | Advice/Instruction of a 3rd Party FX Deal |
| 308 | Instruction for a Gross/Net Settlement of 3rd Party FX deals |
| 320 | Fixed Loan/Deposit Confirmation |
| 321 | Instruction to Settle a 3rd Party Loan /Deposit |
| 330 | Call/Notice (Loan/Deposit Confirmation) |
| 340 | Forward Rate Agreement Confirmation |
| 341 | Forward Rate Agreement Settlement Confirmation |
| 350 | Advice of Loan/Deposit Interest Payment |
| 360 | Single Currency Interest Rate Derivative Confirmation |
| 361 | Cross Currency Interest Rate Swap Confirmation |
| 362 | Interest Rate Reset/Advice of Payment |
| 364 | Single Currency Interest Rate Derivative Confirmation |
| 365 | Cross Currency Interest Rate Swap Termination/Recouponing Confirmation |
| 380 | Foreign Exchange Order |
| 381 | Foreign Exchange Order Confirmation |
Documentary Credits & Guarantees | |
| 700 | Issue of Documentary Credit |
| 701 | Issue of Documentary Credit |
| 705 | Pre-Advice of a Documentary Credit |
| 707 | Amendment to a Documentary Credit |
| 710 | Advice of a 3rd Bank’s Documentary Credit |
| 711 | Advice of a 3rd Bank’s Documentary Credit |
| 720 | Transfer of a Documentary Credit |
| 721 | Transfer of a Documentary Credit |
| 730 | Acknowledgement |
| 732 | Advice of Discharge |
| 734 | Advice of Refusal |
| 740 | Authorization to Reimburse |
| 742 | Reimbursement Claim |
| 747 | Amendment to an Authorization to Reimburse |
| 750 | Advice of Discrepancy |
| 752 | Authorization to Pay, Accept or Negotiate |
| 754 | Advice of Payment/Acceptance/Negotiations |
| 756 | Advice of Reimbursement or Payment |
| 760 | Guarantee/Standby LC |
| 767 | Guarantee/ Standby LC Amendment |
| 768 | Acknowledgement of a Guarantee/ Standby LC Message |
| 769 | Advice of Reduction or Release |
Cash Management & Customer Status | |
| 900 | Confirmation of Debit |
| 910 | Confirmation of Credit |
| 920 | Request Message |
| 935 | Rate Change Advice |
| 940 | Customer Statement Message |
| 941 | Balance Report |
| 942 | Interim Transaction Report |
| 950 | Statement Message |
| 960 | Request for Service Initiation Message |
| 961 | Initiation Response Message |
| 962 | Key Service Message |
| 963 | Key Acknowledgement Message |
| 964 | Error Message |
| 965 | Error in Key Service Message |
| 966 | Discontinue Service Message |
| 967 | Discontinuation Acknowledgement Message |
| 970 | Netting Statement |
| 971 | Netting Balance Report |
| 972 | Netting Interim Statement |
| 973 | Netting Request Statement |
| 985 | Status Enquiry |
| 986 | Status Report |
