The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the global communication network that facilitates the secure international exchange of payment instructions and services related to the execution of financial transactions and payments between banks, central banks, multinational corporations, and major securities firms, popularly known as SWIFT codes.

Reference Definition by SWIFT: SWIFT is a global member-owned cooperative and the world's leading provider of secure financial messaging services. SWIFT is unique. We were established to find a better way for the global financial community to move value – a reliable, safe and secure approach that the community can trust, completely. We have constantly evolved in an ever-changing landscape, without undermining that trust. Nearly five decades on, our vibrant community reflects the complexity and diversity of the financial ecosystem.

Related Definitions in the Project: The Project Controls