SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication. A messaging network often used for the completion of international transactions between financial institutions.  These codes are used when transferring money between banks including international wire transfers with US based banks.  The codes are also used for exchanging other messages between financial institutions.  Each SWIFT code is a unique identification code for a financial institution.  An individual SWIFT code assigned to a particular bank or financial institution is made up of a string of eight or 11 alphanumeric characters. 

The SWIFT network was established to create a secure network with uniform standards and protocols to complete financial transactions around the globe accurately and quickly.  The SWIFT network is headquartered in La Hulpe, Belgium.  The network is regulated under the laws of the European Union.  More information about SWIFT can be found at www.swift.com.

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