What Does Swift Stand for in Banking?

Answer

SWIFT in banking stands for Society for Worldwide Interbank Financial Telecommunication.  It is a non-profit organization comprised of member financial institutions.
Q&A Related to "What Does Swift Stand for in Banking"
SWIFT is the company appointed by the International Organization for Standardization used in the financial industry as the primary authority for BIC assignment. This assignment identifies
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Social for worlwide interbank financial telecommunocation.
http://wiki.answers.com/Q/What_does_the_abbreviati...
SACBASAWER is the standard charter bank in Kenya's swift code. While I haven't the foggiest ballyhooo what a swift code is, I am certain that this one will work.
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bofmcam2.
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