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operates a worldwide financial
messaging network which exchanges
messages between banks and other financial
institutions.
ë SWIFT also markets software and services to
financial institutions
 SWIFTNet Network
 ISO 9362 bank identifier codes (BICs) are
popularly known as "SWIFT codes".
ë SWIFT linked more than 9,000 financial institutions
in 209 countries and territories, who were
exchanging an average of over 15 million messages
per day.
ë SWIFT is a cooperative society under Belgian law
and it is owned by its member financial institutions.
ë SWIFT has offices around the world. SWIFT
headquarters are located in La Hulpe, Belgium, near
Brussels.
 The regional teams include locally based
marketing, sales and support specialists,
relationship managers and core corporate
functions such as Communications, HR,
Finance and Legal.
 The @
 Region
 The @ Region
 The Ô Ô@ Region
u 
 
  


  -Bank identifier codes

u 
  

  -Codes for exchanges and
market identification (MIC)

u 

 

u 
  -Scheme for messages

(Data Field Dictionary) (replaces ISO 7775)

u 
 
Financial

services-Universal Financial Industry message scheme
 NATIONAL MEMBER GROUP
 All of a nation's SWIFT shareholders, and proposes
candidates for election to the SWIFT Board of Directors
 The National Member Group is chaired by a Chairperson
elected by the SWIFT shareholders of the nation.

NATIONAL USER GROUP

 All SWIFT users within a nation and acts as a forum for
planning and coordinating operational activities.
 The user group is chaired by the User Group
Chairperson who is a prime line of communication
between the national user community and SWIFT.
ë Firstsix nations ranked by number of shares-two
Directors for election-not exceed twelve.
ë Ten following nations ranked by number of shares-
one Director for election- not exceed ten.
ë Directors are elected by the Annual General Meeting
of shareholders for a term of three years.
ë The total number of Directors cannot exceed 25.
u The members of SWIFT elect a Board of 25
independent Directors.
u The Directors are elected by the Annual
General Meeting of shareholders for a term of
three years.
u They are eligible for re-election.
u The Board elects a Chairman and a Deputy
Chairman from among its members.
u It meets at least four times a year.
Úhe objectives of oversight of SWIFÚ centre on
 Úhe security
 Operational reliability
 Business continuity
 Resilience of the SWIFÚ
infrastructure.
ë Marketing group
ë IT Operations
ë Stakeholders Relation
ë Finance and Administration
ë SWIFTNet Link (SNL) ± Software which is
installed on the SWIFT customer's site and
opens a connection to SWIFTNet.
ë Alliance Gateway (SAG) ± SWIFT Software
with various interfaces allowing other software
products to use the SNL to connect to
SWIFTNet
ë Alliance WebStation (SAB)-desktop interface
for SWIFT Alliance Gateway
  




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SWIFÚ et FIX SWIFÚ et SWIFÚ et Bulk

(obsolete) Accor Payments

SWIFÚ et
SWIFÚ et SWIFÚ et
SWIFÚ et Úra e
Data Cash
Affirmations Services
Distribution Reporting
Utility

SWIFÚ et
SWIFÚ et CLS
SWIFÚ et Exceptions
Úhir Party
Fun s an
Service
Investigations
ë SWIFT also offer a secure person-to-person
messaging service
ë SWIFT clients can configure their existing
email infrastructure to pass email messages
through the highly secure and reliable
SWIFTNet network instead of the open
Internet.
u SWIFÚ et Mail is intended for the secure
transfer of sensitive business documents such
as
 Invoices
 Contracts and signatories
 Úo replace existing telex and
courier services
 Úransmission of security-sensitive
data over the open Internet.