Newsflash
A new Open Source project has been launched at http://code.google.com/p/prowide/, which complements WIFE by providing SWIFT fields parser and structured model. This project, as WIFE, is developed and maintained by Prowide Software and given for Free to the Open Source Community. |
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SWIFT

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is an industry-owned cooperative providing messaging services to banks, broker-dealers and investment managers as well as to market infrastructures in payments, treasury, securities, and trade.
Real Time Gross Settlement (RTGS)

RTGS is a large value funds transfer system whereby financial intermediaries can settle interbank transfers for their own account as well as for their customers. Settlement at a Central Bank is immediate, final and irrevocable. Credit risks due to settlement lags are eliminated.




