Business
SWIFT develops business standards to support transactions in the financial markets for payments, securities, treasury and trade services. Our traditional MT messages are complemented with ISO 20022 XML-based (MX) messages, which enable the transfer of richer data for more complex business transactions.
Community relations
SWIFT reaches out to many organisations within the financial industry and beyond to promote harmonisation and interoperability. SWIFT further supports international standardisation in its role as Registration Authority for:
- ISO 9362 - BIC - codes for business entity identification
- ISO 10383 - MIC - codes for exchanges and market identification
- ISO 13616 - IBAN - International bank account number
- ISO 15022 - Securities message scheme
- ISO 20022 - Universal financial industry message scheme