Search: SWIFT
RBA Glossary definition for SWIFT
SWIFT – Society for Worldwide Interbank Financial Telecommunication. A co-operative organisation that operates a network for the exchange of payment and other financial messages between financial institutions.
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Exchange Settlement Account Policy
9 Mar 2023
The Reserve Bank of Australia's Exchange Settlement Account Policy
https://www.rba.gov.au/payments-and-infrastructure/esa/
Oversight of High-value Payment Systems
2 Oct 2013
PSB Annual Report
– 2013
In Australia, SWIFT is a core component for communication between important payment and settlement systems (i.e. ... In its capacity as a member of the SOF, the Bank receives SWIFT's annual self-assessment against the HLEs.
https://www.rba.gov.au/publications/annual-reports/psb/2013/oversight-high-value.html
4. Financial Market Infrastructures
21 Oct 2021
PSB Annual Report
– 2021
SWIFT provides critical messaging and connectivity services to both RITS and CLS, as well as other FMIs and market participants in Australia and overseas. ... The G10 central banks oversee SWIFT through the SWIFT Cooperative Oversight Group (OG).
https://www.rba.gov.au/publications/annual-reports/psb/2021/financial-market-infrastructures.html
Oversight of High-value Payments Systems
10 Sep 2012
PSB Annual Report
– 2012
SWIFT messaging is employed by more than 9,500 financial institutions globally, including many financial market infrastructures such as RITS. ... This new tier – the SWIFT Oversight Forum – comprises representatives from 25 central banks and monetary
https://www.rba.gov.au/publications/annual-reports/psb/2012/oversight-high-value.html
2019 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
SWIFT Payment Delivery Service (PDS). Connectivity to the SWIFT PDS was restored just under five hours after the outage occurred. ... The assessment found the Bank to be fully compliant with the mandatory SWIFT controls.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2019/material-developments.html
Domestic Economic Conditions
5 Nov 2020
SMP
– November 2020
Statement on Monetary Policy – November 20203. Domestic Economic Conditions. A recovery in economic activity is underway across the country, but is proceeding at an uneven pace. Some industries remain constrained by mandated and voluntary social
https://www.rba.gov.au/publications/smp/2020/nov/domestic-economic-conditions.html
ISO 20022 Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
The SWIFT Payment Delivery System (PDS), covering clearing and settlement messaging between HVCS members. ... RITS Batch settlement arrangements that use SWIFT MT messaging (i.e. Mastercard, eftpos, and CHESS).
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/iso-20022-migration.html
Monetary Policy Decision
6 Feb 2024
Speech
Media Conference 6 February 2024 – Monetary Policy Decision, Sydney
https://www.rba.gov.au/speeches/2024/mc-gov-2024-02-06.html
Oversight of High-value Payment Systems
24 Oct 2016
PSB Annual Report
– 2016
Consequently, the Bank participates in international cooperative arrangements that facilitate oversight of SWIFT. ... During 2015/16, cyber resilience has remained an important focus of SWIFT and its overseers.
https://www.rba.gov.au/publications/annual-reports/psb/2016/oversight-of-high-value-payment-systems.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
These are made using the SWIFT Payment Delivery System (PDS), administered by the Australian Payments Clearing Association. ... These payments are predominantly small-value SWIFT customer payments. Graph 7. In contrast, settled payment values show two
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html