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Joe Celko's Data, Measurements and Standards in SQL by Joe Celko

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Chapter 26. SWIFT and Related Banking Standards
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) operates a secured worldwide financial messaging network. Messages are securely and reliably exchanged between banks and other financial institutions. SWIFT also markets software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO-9362 bank identifier codes (BICs) are popularly known as “SWIFT codes.”
The SWIFT network is the largest international banking message service, covering over 200 countries. An average of 2.4 million messages, with aggregate value of $2 trillion, was processed by SWIFT per day in 1995. It is not a clearinghouse, but the BIC numbers are needed for funds transfers. ...

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