Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a nonprofit cooperative of member banks serving as a worldwide interbank telecommunications network based in Brussels, Belgium. It is the primary system employed by financial institutions worldwide to transmit either domestic or international payment instructions. (Federal Reserve-Commercial Bank Examination Manual) SWIFT MT Formats Customer Payments & Cheques Financial Institution Transfers Treasury Markets Foreign Exchange, Money Markets & Derivatives Collections & Cash Letters Securities Markets Treasury Markets Documentary Credits & Guarantees Travellers Cheques Cash Management & Customer Status Common Group Messages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||