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Possible Answers:
RAPID.
Last seen on: –Daily Gulf News Crossword Thursday, 20 July 2023
Thomas Joseph – King Feature Syndicate Crossword – Oct 25 2022
Random information on the term “Swift”:
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SC, is a Belgian cooperative society providing services related to the execution of financial transactions and payments between banks worldwide. Its principal function is to serve as the main messaging network through which international payments are initiated. It also sells software and services to financial institutions, mostly for use on its proprietary “SWIFTNet”, and assigns ISO 9362 Business Identifier Codes (BICs), popularly known as “SWIFT codes”.
The SWIFT messaging network is a component of the global payments system. SWIFT acts as a carrier of the “messages containing the payment instructions between financial institutions involved in a transaction”. However, the organization does not manage accounts on behalf of individuals or financial institutions, and it does not hold funds from third parties. It also does not perform clearing or settlement functions. After a payment has been initiated, it must be settled through a payment system, such as TARGET2 in Europe. In the context of cross-border transactions, this step often takes place through correspondent banking accounts that financial institutions have with each other.
Random information on the term “RAPID”:
This category has the following 4 subcategories, out of 4 total.
The following 14 pages are in this category, out of 14 total. This list may not reflect recent changes.