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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Consultation on ISO 20022 Migration for the Australian Payments System
8 Apr 2019
Media Releases
Recently, SWIFT announced plans to cease ongoing support of some MT messages used for cross-border payments after November 2025 and migrate them to the ISO 20022 standard. ... SWIFT's end goal is to fully migrate all payments and reporting traffic to ISO
https://www.rba.gov.au/media-releases/2019/mr-19-09.html
Oversight of High-value Payment Systems
9 Oct 2015
PSB Annual Report
– 2015
Consequently, the Reserve Bank participates in international cooperative arrangements that facilitate oversight of SWIFT. ... Since SWIFT is incorporated in Belgium, the OG is chaired by the National Bank of Belgium.
https://www.rba.gov.au/publications/annual-reports/psb/2015/oversight-of-high-value-payment-systems.html
Lessons and Lasting Effects of the Pandemic
23 Jun 2021
Speech
Speech delivered by Luci Ellis, Assistant Governor (Economic), to the Ai Group, Adelaide
https://www.rba.gov.au/speeches/2021/sp-ag-2021-06-23.html
Appendix A: Background Information | 2015 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
This functionality can be accessed through either the RITS User Interface or via SWIFT messages. ... in April); these remain the times when settlement of SWIFT and Austraclear transactions ceases.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/appendix-a.html
Electronic Indicators of Economic Activity
10 Jun 2012
Bulletin
– June 2012
Nevertheless, SWIFT payments track changes in these measures of economic activity reasonably well (Graph 1, Table 1). ... SWIFT (Society for Worldwide Interbank Financial Telecommunication) (2012), ‘The SWIFT Index Technical Description’.
https://www.rba.gov.au/publications/bulletin/2012/jun/1.html
General Background | 2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Sunday in April); these remain the times when settlement of SWIFT and Austraclear transactions ceases. ... This functionality can be accessed through either the RITS User Interface or via SWIFT messages.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/background.html
List of tables | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS. 42. 162.7. 162.7. SWIFT payments (HVCS). 38.7. 100.5. 100.5. Debt securities (Austraclear). ... A broader group of central banks, including the Reserve Bank of Australia, are represented on the SWIFT Oversight Forum.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/tables.html
Modernising Australia's Payments System
25 Jun 2019
Speech
Speech delivered by Michele Bullock, Assistant Governor (Financial System), to the Central Bank Payments Conference, Berlin
https://www.rba.gov.au/speeches/2019/sp-ag-2019-06-25.html
Australian Securitisation Markets: Responding to Change
21 Nov 2023
Speech
Speech delivered by Carl Schwartz, Acting Head of Domestic Markets, Australian Securitisation Conference 2023, Sydney
https://www.rba.gov.au/speeches/2023/sp-so-2023-11-21.html
Features of the Market
15 Dec 2016
RDP
2016-11
As a result, non-evening agreed banks have the option, but are not required, to operate during the Evening session (via cash transfers or Austraclear, not SWIFT). ... During Australian Eastern Standard Time (winter), all SWIFT settlements finish by 18.30;
https://www.rba.gov.au/publications/rdp/2016/2016-11/features-of-the-market.html
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