Expand the term SWIFT. [Allahabad Bank 2011]

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Society for Worldwide International Financial Telecommunications
B	Society for Worldwide Interbank Financial Telecommunication
C	Society for Worldwide International Financial Transfers
D	Society for Worldwide Interbank Fiscal

Explanation:

Detailed explanation-1: -The full form of SWIFT is Society for Worldwide Interbank Financial Telecommunications.

Detailed explanation-2: -Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a member-owned cooperative that provides safe and secure financial transactions for its members.

Detailed explanation-3: -SWIFT is an acronym for the Society for Worldwide Interbank Financial Telecommunications and may also be referred to as a CIC code. U.S. Bank’s swift code is USBKUS44IMT.

Detailed explanation-4: -Definition. Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a cooperative utility whose objective is to develop standardized messaging and processing of transaction services for financial institutions globally, making global cross-border transfers easier.

There is 1 question to complete.