The SWIFT Message Glossary is a comprehensive guide or reference document that outlines the standards, formats, and descriptions of messages used in the Society for Worldwide Interbank Financial Telecommunication Network.
This coding system is a global messaging network used by financial institutions to exchange financial messages and instructions securely.
The glossary likely includes detailed information on the various message types, their scopes, formats, and usage rules, as well as examples of how to correctly use each message type. It may also cover topics such as message length, signing requirements, and registration processes for message user groups.
The SWIFT Message Glossary is an essential resource for financial institutions, banks, and other organizations that use the SWIFT network to facilitate international financial transactions. It provides a common language and set of standards for communicating financial information, ensuring that messages are understood correctly and processed efficiently.
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Find more useful and important information in Understanding Payment Execution and Negotiation in UCP 600, about Uniform Customs and Practice for Documentary Credits (UCP 600) and how SWIFT works.
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