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The '''SWIFT banking network''' (Society for Worldwide Interbank Financial Telecommunications} system powers most international [[money]] and [[security]] transfers. SWIFT powers the [[Petrodollar]] system. SWIFT is a vast messaging network used by financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions to resolve international transactions and [[balance of payments]] [[trade]] accounts.
The '''SWIFT banking network''' (Society for Worldwide Interbank Financial Telecommunications} system powers most international [[money]] and [[security]] transfers. SWIFT powers the [[Petrodollar]] system. SWIFT is a vast messaging network used by financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions to resolve international transactions and [[balance of payments]] [[trade]] accounts.
SWIFT is a Limited Liability Company owned by its members, headquartered in [[Belgium]], and has over 11,000 member [[bank]]s and about 1,000 [[corporation]]s worldwide.
==See also==
==See also==