A standard format and identification code used for banks throughout the world. These codes are most commonly used for international wire transfers and usually are made up from between 8 and 11 alphanumeric characters.

An acronym for Society for Worldwide Interbank Financial Telecommunication.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser