Swift definition is - moving or capable of moving with great speed. Synonym Discussion of swift. What does SWIFT stand for? In depth analysis of a swift code. List of 147 SWIFT definitions. This is a system which banks and financial institutions worldwide use to send and receive information about transactions which are made securely in a standardized way. It is a unique identification code for both financial and non-financial institutions. SWIFT message types are the format or schema used to send messages to financial institutions on the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.The original message types were developed by SWIFT and a subset was retrospectively made into an ISO standard, ISO 15022.In many instances, SWIFT message types between custodians follow the ISO standard. SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication, while BIC stands for ‘Bank Identification Code’ and is interchangeable with the SWIFT code. SWIFT means Society for Worldwide Interbank Financial Telecommunication. A good example of a SWIFT code would be the CommBank’s code- CTBAAU2S. Top SWIFT abbreviation meaning: Schulenburg Weimar In Focus Together. What is the code? The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. SWIFT and BIC codes are used all over the world to identify bank branches when you make international payments, ensuring your money gets to the right place. Swift codes are broken down into sections, in the same way telephone numbers are broken into sections, and every section reveals some information about the institution that was assigned this code. It must be remembered that BICs and SWIFT Codes can be used interchangeably and are one and the same thing. What does SWIFT stand for in banking? BIC stands for Bank Identifier Code, which refers to the set of digits you can use to send international payments. It's a global network for processing payments between countries. What does SWIFT stand for? SWIFT Codes and BIC codes are part of the ISO 9362 standards for sending money internationally. Updated June 2020. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, while BIC is short for Bank Identifier Code. SWIFT is an acronym for "Society for Worldwide Interbank Financial Telecommunication". SWIFT codes can be from 8 to 11 characters in length. A totally useless trucking company that hires only retards and unskilled drivers who usually fuck up so bad that they bring shame to the trucking community. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. How to use swift in a sentence. A SWIFT code is usually used during international bank wire transfers. 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