SWIFT

SWIFT
Glossary
This glossary provides definitions of SWIFT-specific terminology. The glossary includes terms that exist only in the
context of SWIFT and general terms that have a SWIFT-specific meaning. This document is for all users of SWIFT
services and products.
17 December 2020
Link to this document: https://www2.swift.com/go/book/book68439

SWIFT Table of Contents
Glossary
Table of Contents
0-9............................................................................................................................................................. 4
A................................................................................................................................................................ 5
B.............................................................................................................................................................. 15
C.............................................................................................................................................................. 20
D.............................................................................................................................................................. 30
E.............................................................................................................................................................. 34
F.............................................................................................................................................................. 36
G..............................................................................................................................................................40
H.............................................................................................................................................................. 41
I................................................................................................................................................................43
K.............................................................................................................................................................. 48
L.............................................................................................................................................................. 50
M..............................................................................................................................................................53
N.............................................................................................................................................................. 59
O..............................................................................................................................................................62
P.............................................................................................................................................................. 65
Q..............................................................................................................................................................70
R.............................................................................................................................................................. 71
S.............................................................................................................................................................. 75
T.............................................................................................................................................................. 98
U............................................................................................................................................................ 101
V............................................................................................................................................................ 103
W........................................................................................................................................................... 105
17 December 2020 2
SWIFT Table of Contents
Glossary
Y............................................................................................................................................................ 108
Z............................................................................................................................................................ 109
List of Abbreviations........................................................................................................................... 110
Legal Notices........................................................................................................................................116
17 December 2020 3
SWIFT 0-9
Glossary
0-9
3SKey
3SKey (SWIFT Secure Signature Key) provides a mechanism to enable corporates to sign financial
messages and files that they send to their banks, using a USB token. 3SKey can be used on the SWIFT
network, but also on proprietary networks, or the Internet.
Related information
3Skey (www.swift.com)
3SKey documentation
8-character BIC
A BIC that comprises the following components: party prefix, country code, and party suffix.
See also business party identifier.
11-character BIC
An 11-character BIC (optional element attached to 8-character BIC) that comprises the following
components: party prefix, country code, party suffix, and branch identifier.
17 December 2020 4
SWIFT A
Glossary
A
abort
Abort can refer to a delivery abort, a file transfer abort, or a session abort.
abort notification
A system message that alerts the sender of an acknowledged, live input message that the system has
aborted the delivery of the message. An error code indicates the reason for the delivery abort.
ACK
The term that is often used in communication protocols to acknowledge that one party has correctly
received the information sent by another party. Issuance of an ACK does not indicate that the issuer
accepts the business content of the information that it has acknowledged. ACK stands for
acknowledgement.
activation data
Data values, other than private and public keys, that SWIFT requires to initiate the certification process
and to operate the cryptographic modules. Activation data must be protected. Examples of activation data
include PINs, passwords, and activation secrets.
activation date
The date on which a SWIFT service update becomes operational. SWIFT usually introduces updates to
its services through an activity called provisioning. Typically, SWIFT does not perform provisioning in real
time. This is because of the required validation and verification, and because one update may require
synchronised changes on different systems. As a result, SWIFT often schedules updates in advance of
performing them.
activation secrets
A pair of passwords that either the user's certificate administrator or the SWIFTNet Registration Authority
issues to a subscriber when the subscriber has successfully registered for a service. The subscriber uses
these secrets only once during the certification process, after which the secrets become invalid.
additional BIC
An organisation may register several 8-character BICs, the additional BIC(s) is always linked to the
master BIC. The additional BIC may be connected to the SWIFT network or not and may be published or
not published.
addressing
Addressing is a function that links the identity (the name) of an entity (for example, an institution, an
individual, or an application) that sends or receives SWIFTNet messages, with a means of routing the
message (that is, an address). SWIFT uses addressing to route messages within the networking system,
and to ensure that messages reach the right recipient.
addressing DN
The Distinguished Name of the requestor or the responder of an InterAct or FileAct message. The
distinguished name that is at the top of a SWIFT user's addressing tree contains the BIC of that user.
17 December 2020 5
SWIFT A
Glossary
administered institution
An institution for which the security officer of another institution (called the administering institution)
handle online security matters.
administering institution
An institution that handles the online, security-related matters of its own institution, and at least one other
institution (called the administered institution).
Alliance
The SWIFT brand name for the range of connectivity products that customers use to connect to SWIFT
services.
Alliance Access
SWIFT's prime messaging interface. Alliance Access is designed to connect business applications to
SWIFT messaging services. Alliance Access is a multi-platform interface that enables customers to
connect single or multiple destinations to SWIFT with maximum automation of system management
tasks.
Related information
Alliance Access page (www.swift.com)
Alliance Access documentation
Alliance Access Kit

An Alliance Kit that SWIFT has designed for customers that opt for a private infrastructure and require
automation and high levels of integration with their back-office applications.
Related information
Alliance Kits (www.swift.com)
Alliance Access Kit documentation
Alliance Bank File

A BIC Directory Download for Alliance users. The file can only be used to upload BIC data into the
customer's correspondent information file.
Related information
Reference Data Frequently Asked Questions - For SWIFTRef Users
Alliance Cloud
A multi-tenant application service hosted and operated by SWIFT. It enables users to connect to the
SWIFT network and to send and receive all types of Standards MT and MX messages, and FileAct files.
Alliance Connect Bronze

The network connectivity product designed for customers that receive or send less than 1,000 messages
per day. With Alliance Connect Bronze, customers connect in a secure and cost-effective way to
SWIFTNet through the Internet.
17 December 2020 6
SWIFT A
Glossary
Related information
Alliance Connect Bronze (www.swift.com)
Alliance Connect Bronze documentation
Alliance Connect Gold

The network connectivity product for high-volume users that require the highest resilience and service
levels. By using the managed access solutions of SWIFT Network Partners for both Leased Line
connections, SWIFT is able to offer a highly resilient configuration with guaranteed bandwidths and
service levels.
Related information
Alliance Connect Gold (www.swift.com)
Alliance Connect Gold documentation
Alliance Connect Silver

The network connectivity product designed for customers that receive or send between 1,000 and 40,000
messages per day. The managed access solutions of SWIFT Network Partners provide guaranteed
bandwidths and a high service level. The internet channel provides a cost-effective back-up connection.
Related information
Alliance Connect Silver (www.swift.com)
Alliance Connect Silver documentation
Alliance Connect Silver Plus

An option of Alliance Connect Silver that enables customers to use the internet line as the primary
connection to SWIFTNet and the Network Partner line as back-up connection.
Related information
Alliance Connect Silver/Silver Plus (www.swift.com)
Alliance Connect Silver Plus documentation
Alliance Developers Toolkit (ADK)

A SWIFT product that enables developers of third-parties and financial institutions to build their own
applications for Alliance Access.
Alliance Entry
A messaging interface that SWIFT has developed for low-volume customers that use a single destination.
Alliance Entry offers the flexibility and control of a private infrastructure. Its features include basic
automation and a GUI framework for manual input.
Related information
Alliance Entry (www.swift.com)
Alliance Entry documentation
Alliance Entry Kit

An Alliance Kit that SWIFT has designed for customers that opt for a private infrastructure and require
basic functionality.
17 December 2020 7
SWIFT A
Glossary
Related information
Alliance Kits product (www.swift.com)
Alliance Entry Kit documentation
Alliance Essentials Kit

An Alliance Kit that SWIFT has designed for customers that use the full SWIFTNet infrastructure of
another customer, service bureau, or their head office.
Related information
Alliance Essentials Kit documentation
Alliance Gateway
A software package that is installed on top of SWIFTNet Link. SWIFTNet Link provides the basic set of
network connection services, Alliance Gateway enables application-to-application communication and
facilitates connectivity to the SWIFT secure IP network. Alliance Gateway can also act as a concentrator
of the SWIFTNet message flow, whereby multiple business users connect through Alliance Gateway to
SWIFTNet. This is achieved by means of Alliance Web Platform to use the InterAct, FileAct, and SWIFT
WebAccess messaging services.
Alliance Gateway manages connectivity between customer applications and the SWIFT secure IP
network by means of host adapters. Customers can use Alliance Gateway to concentrate the flow of
messages between SWIFTNet and remote financial applications over the Internet Protocol (IP), using the
Remote API Host Adapter (RAHA), or through the MQ Host Adapter (MQHA).
Related information
Alliance Gateway (www.swift.com)
Alliance Gateway documentation
Alliance Gateway Instant (AGI)

SWIFT's mandatory software product to access and use the SWIFTNet Instant messaging service. AGI is
a real-time, 24x7 communication interface that acts as a single gateway to support the flow of instant
messages, for example instant payment related messages exchanged with multiple Clearing and
Settlement Mechanisms (CSMs) in the context of instant payment initiatives. Alliance Gateway Instant is
designed to enable the exchange of ISO 20022 messages over IBM MQ, Active MQ, REST API, or
through Alliance Messaging Hub (AMH) Instant.
Alliance Gateway Kit

An Alliance Kit that SWIFT has designed for customers that opt for a private infrastructure and want to
use a third-party connectivity product that requires the use of Alliance Gateway.
Related information
Alliance Gateway Kit documentation
Alliance Integration Platform (AIP)

Alliance Integration Platform is the integration framework of the Alliance product family. It is based on the
RedHat Fuse platform.
17 December 2020 8
SWIFT A
Glossary
The main objective of Alliance Integration Platform is to enlarge the Alliance product family with a
possibility to connect to customers' back-office systems for which the Alliance products do not have an
out-of-the-box connector. Alliance Integration Platform is available through numerous licensing and
pricing models and packed either as a standalone product or as embedded in other Alliance products.
The standalone product is called SWIFT Integration Layer (SIL). The version embedded in Alliance
Access is called Integration Platform (IPLA) .
Related information
Alliance Access Integration Platform (IPLA) (www.swift.com)
SWIFT Integration Layer (SIL) (www.swift.com)
Alliance Kit
A connectivity product that provides everything a new customer needs to go live on SWIFTNet, in one
single package (that is, software, security hardware, documentation, network connectivity, and
subscription to the FIN service). Each Alliance Kit caters for the needs of different customers. Each
Alliance Kit supports InterAct, FileAct, and SWIFT WebAccess, and enables customers to subscribe to
most of the solutions without the need to deploy any additional software. Each Alliance Kit targets
customers that intend to send and receive up to 1,000 messages per day from a single SWIFT
destination.
See also Alliance Access Kit, Alliance Entry Kit, Alliance Gateway Kit, Alliance SWIFTNet Link Kit,
Alliance Essentials Kit.
Related information
Alliance Kits (www.swift.com)
Alliance Lifeline
A service that offers emergency connectivity to SWIFT. Customers that already have a resilient method to
connect to SWIFT can subscribe to Alliance Lifeline, and can then activate Alliance Lifeline if the
customer's normal method to connect to SWIFT is not available, for example, in a case of a disaster or in
a case where the infrastructure has been compromised. Alliance Lifeline does not replicate the main
infrastructure, it focuses on the main business flows. Alliance Lifeline proposes two operational models:
Alliance Lifeline Standby or Alliance Lifeline Premium. Alliance Lifeline uses the Alliance Lite2 service to
connect to SWIFT.
Related information
Alliance Lifeline (www.swift.com)
Alliance Lifeline documentation
Alliance Lifeline Premium

For Alliance Lifeline Premium customers, the Alliance Lite2 service is configured to enable customers to
send messages or files at any time, without having to wait for activation. The reception of messages or
files is disabled, therefore the customer must request activation to receive messages or files.
Related information
17 December 2020 9
SWIFT A
Glossary
Alliance Lifeline Standby

For Alliance Lifeline Standby customers, the Alliance Lite2 service is configured ready to be activated by
SWIFT upon the customer's request. Alliance Lifeline Standby customers can neither send nor receive
unless they request activation.
Related information
Alliance Lite2
A secure and reliable, cloud-based way to connect to the SWIFT network. Alliance Lite2 enables SWIFT
customers to send and to receive all types of SWIFT messages and files (either manual or automated)
with a very light footprint. Alliance Lite2 also enables the use of all secure WebAccess services offered
over SWIFTNet upon separate subscription to these services.
All Alliance Lite2 customers are entitled to SWIFT Community Support. In addition, Alliance Lite2
customers can opt to purchase the Care Alliance Lite2 offering from our Advanced Support and Care
services portfolio. By default, Care Alliance Lite2 includes "Remote Access" and "Hands-on Assistance"
when contacting SWIFT support centres. Additional features may be added to include "Management
Escalation and Quarterly Case Reviews" and "Days of SWIFT Effort" related to maintenance activities.
Related information
Alliance Lite2 (www.swift.com)
Alliance Lite2 documentation
SWIFT Advanced Support and Care Services Service Description
Alliance Lite2 for Business Applications (L2BA)

application provider (L2BA application provider)
A SWIFT user or non-user organisation registered under the L2BA Programme that provides business
application offerings, in combination with shared connectivity services, to SWIFT users.
Related information
Alliance Lite2 for Business Applications (www.swift.com)
Alliance Lite2 for Business Applications documentation
Alliance Managed Operations

A subscription-based managed service whereby SWIFT operates, monitors, and manages, on behalf of
the customer, the Alliance Interfaces and SWIFT devices located at the customer's premises. The
Alliance Managed Operations service is designed to keep these applications and devices in an
operational state. The delivery of the Alliance Managed Operations service is governed by a Service
Level Agreement (SLA) between the customer and SWIFT.
Related information
Alliance Managed Operations (www.swift.com)
Alliance Managed Operations documentation
17 December 2020 10
SWIFT A
Glossary
Alliance Messaging Hub (AMH)

A single integration platform for global financial institutions looking to rationalise their messaging
infrastructure across networks and, at the same time, introduce new products and services to the market
in a faster and more cost-effective way. Tailored to an individual customer's needs and integrated with a
company's existing infrastructure, AMH provides a scalable investment, from low-barrier entry projects to
high-volume messaging needs.
Related information
Alliance Messaging Hub (www.swift.com)
Alliance Messaging Hub documentation
Alliance plug-in
A business application that operates with the Alliance portfolio of products. SWIFT partners market and
sell the Alliance plug-ins.
Alliance Remote Gateway (ARG)

A secure and reliable cloud service operated by SWIFT. Alliance Remote Gateway enables customers to
connect Alliance Access/Entry directly to the SWIFT network without the need for the customer to
manage its own Alliance Gateway, SWIFTNet Link, and Hardware Security Modules (HSMs). Alliance
Remote Gateway supports the use of all SWIFTNet messages and files as supported by Alliance Access/
Entry (FIN/MT, InterAct/MX, FileAct), and supports the use of all secure SWIFT WebAccess services
offered over SWIFTNet.
Related information
Alliance Remote Gateway (www.swift.com)
Alliance Remote Gateway documentation
Alliance RMA
A connectivity product that provides Relationship Management Application functionality. It is mainly
targeted at non-Alliance customers. However, it can also be connected to an existing Alliance Gateway.
Related information
Alliance RMA documentation
Alliance security officer

A predefined operator on an Alliance interface. Any Alliance interface has two Alliance security officers:
the left security officer, and the right security officer. The security officer exercises dual control over the
configuration and the management of the security functions within Alliance. The Alliance security officer
has no operational role whatsoever outside the Alliance environment.
See also left security officer and right security officer.
Related information
Security Officer Guide
17 December 2020 11
SWIFT A
Glossary
Alliance SWIFTNet Link Kit

An Alliance Kit that SWIFT has designed for customers that operate their own infrastructure and want to
use a third-party connectivity product that requires the use of SWIFTNet Link.
Related information
Alliance SWIFTNet Link Kit documentation
Alliance Warehouse
The long-term message archive system, with powerful search and investigation capabilities, running at
the customer’s premises, and continuously updated in near real-time with completed messages and files
from the customer’s Alliance interfaces: Alliance Access, Alliance Entry, Alliance Messaging Hub, and
Alliance Lite2.
Alliance Web Platform Server-Embedded (AWP SE)

The graphical user interface software for all Alliance products, Alliance Web Platform Server-Embedded
gives users browser-based access to the functionalities of Alliance Gateway, Alliance Access, Alliance
Entry, and Alliance Warehouse.
Related information
Alliance Web Platform Server-Embedded (www.swift.com)
Alliance Web Platform Server-Embedded documentation
allowable downtime window (ADW)

A period during which SWIFT performs scheduled maintenance activities. For the service that applies the
allowable downtime window, SWIFT does not guarantee service availability during these periods.
ADW does not apply to SWIFT messaging services (FIN and SWIFTNet), for which the new messaging
maintenance period approach applies, nor to SWIFTNet Instant.
Schedules of the allowable downtime window periods are available on the Operational status page of the
www.swift.com Support section.
application header
In the context of FIN (MT messages), the second block of a FIN message header that provides
application-specific information about the message to which it is attached. The structure of the application
header is different for input message and output message.
application identifier
A 1-letter code in the basic header of a FIN message, which identifies the application through which
SWIFT processes the message (for example, the FIN application or the General Purpose Application).
application service profile

The profile that contains a set of parameters to be used by messaging interfaces and applications to
correctly send and receive traffic through that service. These parameters trigger the usage of features
within SWIFTNet or describe what a messaging interface must do with traffic sent or received.
17 December 2020 12
SWIFT A
Glossary
Audit and Finance Committee (AFC)

The SWIFT governance and oversight body for systems security, internal control, and financial policy. The
full SWIFT Board approves the Audit and Finance Committee's charter of activities.
Related information
Audit and Finance Committee (www.swift.com)
authentication
A process that SWIFT uses to confirm the identity of the sender or the receiver of a message, or to prove
the integrity of specific information. Message authentication determines the source of a message, and
verifies that no-one has modified or replaced the message during transit.
authentication mode
A mode that is used in SWIFTNet copying services. The authentication mode indicates whether the copy
service is using normal (single) authentication or double authentication.
authentication string
A pair of passwords that the SWIFTNet Registration Authority returns to the security officer of an
institution that has registered a new SWIFTNet Link. The authentication string authorises the SWIFTNet
Link installer to download the necessary SWIFTNet Link activation and certification files from the
SWIFTNet Link secrets download server.
authorisation code
One half of the element pair that the SWIFTNet Registration Authority returns to the security officer when
it registers a new security end point. The security end point feeds the authorisation code into the Key
Management Application when it generates keys and certificate.
authoriser DN
The Distinguished Name of the Public Key Infrastructure certificate holder that has logged on to the
SWIFTNet Link interface to send a message on SWIFTNet. This term only applies to InterAct and FileAct.
AutoClient
A locally installed optional part of Alliance Lite2 that is used to integrate software applications with
Alliance Lite2. Through AutoClient, back-office applications can send and receive messages and files
over SWIFTNet in a fully automated way and with strong security. AutoClient provides file-based
communication to and from FIN, FileAct, and InterAct services. You can send and receive files containing
Standards MT and MX messages and FileAct files.
Related information
AutoClient (www.swift.com)
Alliance Lite2 documentation
automated login/select
A facility within the SWIFT secure login and select service, by which an interface can log in and select
without human intervention.
See also Login command, Select command.
17 December 2020 13
SWIFT A
Glossary
availability
The percentage of time during which the messaging service are available to users. The published
availability figures are weighted to give a single overall availability percentage that reflects the impact of
outages affecting only parts of the user base or parts of SWIFT services.
17 December 2020 14
SWIFT B
Glossary
B
backbone access point (BAP)
A physical site that SWIFT manages and controls, from which the partner networks connect to the SWIFT
secure IP network.
back-up infrastructure
The infrastructure that is ready to take over in case of issues with the prime infrastructure. Its database
(configuration and messages) is replicated from the prime infrastructure.
Bank Directory for SAP

The SWIFTRef directory part of Corporate Packs 2 and 3. This file has been developed in partnership
with SAPTM and enables corporates to integrate their bank reference data in their Enterprise Resource
Planning (ERP) system.
Related information
Bank Directory for SAP documentation
Bank Directory Plus

A SWIFTRef directory containing all the reference data banks and corporates require to prepare, validate,
and process payments to any bank, anywhere.
Related information
Bankd Directory Plus (www.swift.com)
Bank Directory Plus documentation
bank payment obligation (BPO)

An irrevocable obligation of an Obligor Bank to pay a specified amount to a Recipient Bank in accordance
with an established Trade Services Utility baseline of a single Trade Services Utility transaction. A bank
payment obligation is intended to constitute a legally binding, valid, and enforceable obligation of the
Obligor Bank to the Recipient Bank under the appropriate standard of law, enforceable in accordance with
its terms.
The Uniform Rules for Bank Payment Obligations (URBPO) of the Internal Chamber of Commerce (ICC)
govern bank payment obligations.
Bankers World Online

The SWIFTRef online service that gives access to all worldwide payments reference data available in the
SWIFTRef utility. Bankers World Online enables international banks, domestic banks making international
payments, and larger corporates to interrogate the complete SWIFTRef database through a powerful
web-based search capability.
Related information
Bankers World Online (www.swift.com)
Bankers World Online documentation
17 December 2020 15
SWIFT B
Glossary
basic header
The only mandatory part of a FIN message header (that is, block 1). The basic header provides general
information about the message. For input message, this information includes identification of the
application through which SWIFT processes the message. The information also includes the type of input
data, the sending logical terminal, and (if required) the input session number and input sequence number.
For output message, the basic header identifies the application through which SWIFT has processed the
message. The basic header also identifies the type of output data, the receiving logical terminal, and (if
required) the output session number and output sequence number.
Basic Tracker
The Basic Tracker is a Graphical User Interface (GUI) enabling eligible SWIFT users to implement, in a
convenient way, the business rules of the Universal Confirmations for MT 103 Rulebook. The Basic
Tracker offers a limited set of features to trace and confirm payments by FIN users that received an MT
103 on FIN but are not committing to the SWIFT gpi service.
Related information
Basic Tracker documentation
BIC
BIC stands for business identifier code. BIC is an international standard for identification of institutions
within the financial services industry.
BICs are used in automated processing. They unambiguously identify a financial institution or a non-
financial institution. The ISO 9362 standard specifies the elements and the structure of a BIC. A BIC
consists of either eight or eleven contiguous characters. These characters comprise either the first three,
or all four, of the following components: party prefix, country code, party suffix, and branch identifier. The
International Organization for Standardization has designated SWIFT as the BIC registration authority.
Related information
BIC (www.swift.com)
Online BIC search
BIC1
See non-connected BIC.
BIC8
See 8-character BIC.
BIC11
See 11-character BIC.
BIC Archive
A SWIFTRef directory that helps financial institutions in the MiFID reporting by providing them with an
instant and complete view of all historic changes related to a BIC since 1st November 2007.
Related information
BIC Archive (www.swift.com)
17 December 2020 16
SWIFT B
Glossary
BIC Directory 2018

A modified version of the BIC Directory related to the new ISO 9632:2014 standard. This directory
contains the connectivity status in FI Record under the EXTRA INFO field with the following connectivity
categories: connected to FIN or not connected to FIN.
Related information
BIC Directory 2018 (www.swift.com)
BIC Directory 2018 documentation
BIC Directory Download

The product that enables financial institutions and corporates to integrate BIC data into their environment.
The BIC Directory Download lists important information (for example, BIC and physical address details).
BIC Plus
A SWIFTRef directory that financial institutions use for regulatory reporting, payment initiation and
validation, correspondent banking and internal reporting. BIC Plus contains new information related to the
new ISO 9632:2014 standard and includes the registered BICs (BICs active on FIN and/or SWIFTNet as
well as nonconnected BICs) and the names and addresses of the corresponding entities. It also includes
additional information such as market infrastructures in which the entity participates (FIN service codes),
and publication and expiry dates of BICs
Related information
BIC Plus (www.swift.com)
BIC Plus documentation
BICtoLEI File
The file that enables an institution to cross reference a BIC reference data with the public legal entity
identifier database and to maintain the link between the two identifiers at low cost and effort.
block identifier
A single, numeric character between 1 and 5 that identifies the blocks (for example, basic header block
and text block) in a FIN message.
branch code
See branch identifier.
branch identifier
An optional 3-character code that is part of the BIC. The branch identifier is used to identify a specific
branch or department of an organisation. The 3-character code forms part of the 11 character BIC.
Related information
Business Identifier Code (www.swift.com)
broadcast
During message preparation, a user can address a single MT 999 to an alias for a group of
correspondents. Once the message is authorised, Alliance automatically sends a copy of the message to
each of the correspondents. This is known as a broadcast.
17 December 2020 17
SWIFT B
Glossary
This is not the same as a SWIFT broadcast.
Browse
See SWIFT WebAccess
Browse certificate
A certificate that is used to encrypt data exchanged over an HTTPS (secure internet) session between
the browser and the web server.
Bulk Payments
The solution that supports the exchange of multiple low-value payments in the bank-to-bank and bank-to-
automated clearing house spaces. The solution uses FileAct as the primary messaging service,
complemented by InterAct for single urgent payments. The solution also comprises a rulebook (which
harmonises the way FileAct is used) and a pricing per payment.
Related information
Bulk Payments documentation
Business Administrator Workstation (BAWS)

The software that the business administrator uses to interact with the EURO1/STEP1 clearing service,
and to monitor banks' positions, limits, and on-hold payments. SWIFT provides the Business
Administrator Workstation, which operates locally on a customer PC.
business application
An application that manages business messages and implements business flows. Such business
messages can be FIN or ISO 20022 messages.
See also interface applications
Business Application Header (BAH)

A portion of the payload of an MX that contains preliminary information for the business application (for
example, business sender, business receiver, message identification, creation date, business service,
and signature).
Related information
Business Application Header (ISO20022 website)
Business Assessment Programme

The consultancy service that SWIFT offers to its key customers. In support of those customers' key
business drivers, the programme facilitates the rationalisation of their existing infrastructure and
communication channels. The programme also helps them to improve their operational efficiency
(Straight-Through Processing), their messaging capabilities, and the quality of service that they provide to
their end customers. Furthermore, the programme provides a message and operational efficiency
benchmarking.
This programme was formerly called CIO-COO Reach.
17 December 2020 18
SWIFT B
Glossary
Business Connect
A program for Solution Providers that enables them to combine their solution with SWIFT messaging and
SWIFT value-added services to connect their customers to the financial community easily, seamlessly,
and securely.
Business Continuity Planning (BCP)

A management process that provides the strategic and operational framework to review and, where
appropriate, to (re-)design the way an organisation provides its products and services whilst increasing its
resilience to disruption, interruption, or loss. This process also provides capability for an effective
response which safeguards the interests of SWIFT's staff, stakeholders, reputation, and value-creating
activities.
business officer
A customer contact who represents the FINCopy or SWIFTNet Copy Central Institution towards SWIFT.
Business officers can request emergency FINCopy or SWIFTNet mode changes, and emergency
withdrawals of FINCopy or SWIFTNet participants.
See also Secure Channel.
business party identifier

The first element of the BIC, used to identify a business party in a country. The business party identifier
consists of 8 contiguous characters. It is composed of the party prefix, the country code, and the party
suffix. The business party identifier is assigned by the registration authority.
Related information
bypass mode
An emergency fallback mode, in which the service administrator does not receive copied information, and
no longer has authorisation and rejection capability. The copy service delivers messages sent in bypass
mode to the receiver with an indication that the service is operating in bypass mode. This informs the
receiver that the message has not been copied and that there has therefore been no authorisation from
the service administrator.
17 December 2020 19
SWIFT C
Glossary
C
case
The name for all logged interactions. These include interactions between SWIFT and a customer (that
relate, for example, to a single problem) as well as interactions between SWIFT staff (for example, in the
event of system problems or events that require a follow up). A case includes all exchanges of
information that are necessary for SWIFT to investigate and resolve a problem, or to respond to a query.
case manager
The online function that enables Support-registered customers to report a technical problem or query to
the SWIFT Customer Support Centre. For each new entry, support staff assign a case number. Based on
the evolution of the investigations, support staff provide electronic updates. SWIFT maintains a complete
overview of all cases with their current status information. This information is available to customers.
Case Manager
central institution
An organisation that performs a clearing, netting, or settlement function for a financial community, within a
FINCopy service. A central institution is typically, but not necessarily, a national or central bank. For
FINCopy solutions, the central institution is often also the service administrator.
central institution destination (CID)

In the context of FINCopy, a synonym of service administrator destination.
central message validation

The process by which SWIFT verifies that the contents of a message conform to the applicable message
standards. The message standards are specified in the corresponding SWIFT documentation. Central
message validation is available in FIN and InterAct. In FIN, central message validation always applies. In
InterAct, the service administrator can choose to apply central message validation. SWIFT does not
deliver a message to the intended recipient if the message fails central message validation.
Central Securities Depository (CSD)

An organisation that holds securities and arranges for the receipt and delivery of these securities. The
CSD also arranges for payments during settlement. The main function of a CSD is to immobilise or
dematerialise securities. CSDs may also have the capability for trade clearance, safe custody and
settlement, and post-settlement processing of securities information.
See also International Central Securities Depository.
certificate
A unit of information contained in a file. At a minimum, a certificate lists the issuer of the certificate and a
public key, and indicates the user that holds the corresponding private key. The certificate is digitally
signed by the SWIFTNet Certification Authority.
See also digital signature.
certificate administration facility

The online service that security officer use to create operational entity names and to manage their
certificates. The facility includes the Local Registration Application.
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certificate disablement
The permanent termination of the validity of a certificate. Disablement prevents the further use of the
certificate in SWIFTNet.
certificate DN
The Distinguished Name of the owner of a SWIFTNet Public Key Infrastructure certificate.
certificate expiry date (CV Expiry date)

The date on which a certificate expires.
certificate policy (CP)

A set of policy requirements that describe how SWIFT creates and uses categories of digital certificates
for SWIFTNet Public Key Infrastructure.
certificate recovery
The process that generates new keys and certificates, and restores old, private decryption keys.
certificate repository
A publicly accessible database that holds information such as certificate and Certificate Revocation List.
certificate revocation (CV revocation)

The act of revoking an otherwise valid certificate (for example, after the certificate has been
compromised).
Certificate Revocation List (CRL)

The list of all revoked certificate that the SWIFTNet Certification Authority publishes in a central directory
and makes available online to all SWIFTNet Public Key Infrastructure clients.
certification
The process by which the SWIFTNet Certification Authority generates key pairs and signs public keys.
Certification Practice Statement (CPS)

The statement of certification practices that SWIFT has implemented in the SWIFTNet Certification
Authority, the SWIFTNet Registration Authority, and the SWIFTNet Directory.
Checksum trailer (CHK trailer)

A trailer that appears on all General Purpose Application and FIN messages. The Checksum trailer
enables the recipient to verify that the message has not been corrupted during transmission.
CHIPS Universal Identifier (CHIPS UID)

A 6-digit code that the Clearing House Interbank Payments System (CHIPS) uses as a clearing code. It is
a real-time payment clearing system for U.S. dollar payments in the United States.
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Glossary
Clearing and Settlement Mechanism

A mechanism that enables participating scheme participants or their branches to clear and to settle
payments made between them. It includes five categories of participants: the Pan-European Automated
Clearing House (PE-ACH), the Single Euro Payments Area-compliant Automated Clearing House (ACH),
other decentralised form of structured bilateral or multilateral clearing and settlement (or both), intra-bank
or intra-group clearing and settlement arrangement (or both), and purely bilateral non-structured SEPA
Scheme compliant clearing and settlement.
client process
The operating system process that generates requests against SWIFTNet. This process implements
client-application code.
See also server process.
Closed User Group (CUG)

A subset of customers that have been grouped to use certain SWIFT services and products in a defined
context (typically, the participation of customers in a market infrastructure, a Member-Administered
Closed User Group, or a solution). Either SWIFT or a service administrator defines the eligibility criteria
and participation in the Closed User Group.
CLSClearedFX over SWIFT

A payment-versus-payment (pvp) settlement service specifically designed for cleared FX products. The
service enables central counterparties (CCPs) and their clearing members to safely and effectively
mitigate settlement risk when setting cleared FX products.
This pvp service is also referred to as CCP service.
CLSNet over SWIFT

A standardised, automated bilateral payment netting service for FX trades that are settling outside the
CLS settlement service. This service is available to any user subscribing to it.
CLSNet, although not supporting settlement for FX trades, aims at reducing liquidity needs in the various
currencies. CLSNet supports all currencies worldwide.
CLS Settlement Services

A payment-versus-payment simultaneous settlement service related to FX trades in CLS eligible
currencies. This service is offered by CLS either directly to its members or indirectly to Third Party users.
CLSSettlement aims at mitigating settlement risk in FX trades and allows CLS direct/indirect participatns
to benefit from a very powerful multilateral netting service which reduces liquidity needs. CLSSettlement
Service works on a T+2 cycle. For real-time settlement of FX trades, CLS direct/Indirect participants can
benefit of CLSNow . CLSNow is a bilateral same-day payment-versus-payment gross settlement service.
This service is only available for CAD, CHF, EUR, GBP, and USD.
CLS Third Party

A financial institution that is not a direct CLS Settlement member, and that uses the services of a CLS
Settlement member, referred to as Third-Party Provider, to settle FX transactions through that CLS Third-
Party Provider in the CLS Settlement Service.
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Glossary
cn
The common name element in a Distinguished Name. The cn identifies operational entities (for example,
applications, systems, and operators).
Collateral Management
The solution that enables financial institutions involved in the bilateral collateral/tri-party management
business to communicate with their counterparts and clients in a standardised and automated manner.
The solution is based on best practice guidelines proposed by industry bodies, such as the International
Swaps and Derivatives Association (ISDA).
Related information
Collateral Management (www.swift.com)
Collateral Management documentation
command centre (CC)

The location from which SWIFT co-ordinates all activities during a crisis or specific incidents.
Command Centre Manager (CC Manager)

The SWIFT employee who co-ordinates and facilitates all recovery activities during an incident or crisis.
Common Vulnerability Scoring System (CVSS)

The Common Vulnerability Scoring System (CVSS) is a free and open industry standard for assessing the
severity of computer system security vulnerabilities. CVSS attempts to assign severity scores to
vulnerabilities, allowing responders to prioritise responses and resources according to threat. Scores are
calculated based on a formula that depends on several metrics that approximate ease of exploit and the
impact of exploit. Scores range from 0 to 10, with 10 being the most severe.
Related information
Knowledge Base article 5021460
communication software
Software that provides a link between the SWIFTNet network and the application software, such as
Alliance Access or Alliance Entry. Communication software includes SWIFTNet Link and Alliance
Gateway.
Compatibility Register
In the scope of the SWIFT Compatible Interface programme, a record of all compatible products. The
Accreditation team maintains this register on the SWIFT website (www.swift.com). The Compatibility
Register contains the name of the supplier, the name of the compatible product, and the Interface
Conformance Statement(s) and Security Conformance Statement of the product.
Related information
SWIFT Compatible Interface Programme (www.swift.com)
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Glossary
Compatible Customer Managed Interface

A messaging and communication interface connecting to the SWIFT Network. Messaging and
communication interfaces are provided by SWIFT and compatible third-parties vendors. Customers must
connect to SWIFT through a SWIFT Compatible Interface.
Communication interface software provides a link between the SWIFTNet network and the messaging
interface software. It provides centralised, automated, and high-throughput integration with different in-
house financial applications and service-specific interfaces.
Messaging interface software support the use of SWIFT messaging protocols (FIN, RMA, InterAct store-
and-forward, FileAct store-and-forward, FileAct real-time). They enable customers to connect business
applications to SWIFT messaging services and enable the maximum automation of system management
tasks.
Related information
SWIFT Compatible Interface Programme Overview
Compliance Analytics
The SWIFT service that helps institutions monitor and address financial crime risk by leveraging SWIFT
traffic data. Compliance Analytics helps users identify possible anomalies in behaviour, unusual patterns
or trends, hidden relationships, or consistently high levels of activity with high-risk countries and entities.
This is achieved by comparing an institution's global SWIFT message traffic with the overall activity on the
SWIFT network.
Related information
Compliance Analytics (www.swift.com)
Compliance Analytics documentation
confirmation
A FIN message that confirms the main facts of a deal. The information includes the date on which the
counterparties agreed to the deal, the settlement instructions, and the amounts involved.
Confirmation Copy service

A SWIFT administered service using FINInform T-Copy infrastructure with its own service description and
commercials. The service is used to copy Category 3 and 6 MT messages to third-party central matching
platforms.
Related information
SWIFT Confirmation Copy Service documentation
connectivity pack
A standard configuration for SWIFTNet access. A connectivity pack is a combination of an access line
(local loop), router, VPN boxes cluster, SWIFTNet Link, and Hardware Security Modules (HSMs). The
connectivity pack is defined through three main areas of functionality: network connectivity, resilience,
and throughput.
Related information
Connectivity Packs - Configurations for Multi-Vendor Secure IP Network Connectivity
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Glossary
Connector for Sanctions

A business package that facilitates the integration of customers' business applications with the Sanctions
Screening service. The Connector for Sanctions enables a customer to send messages to the Sanctions
Screening service hosted at SWIFT. The Connector for Sanctions is designed to screen any message
types and any message formats, using either of the following configurations: the Connector for Sanctions
based on Alliance Access Integration Platform (IPLA), and integrated within the messaging flows
processed on Alliance Access, or the Connector for Sanctions based on SWIFT Integration Layer (SIL)
running independently from a SWIFT messaging interface. Optionally, customers can integrate the
messaging flows processed with Alliance Lite2 AutoClient for the messages sent over the SWIFT
network.
See also Sanctions Screening.
Related information
Sanctions Screening (www.swift.com
Connector for Sanctions Service Description
Connector for SWIFT gpi

A SWIFT product from the interface portfolio that enables developers to easily integrate the Tracker API
within their business applications in a standard, re-usable way, reducing overall Web Service complexity.
In 2021, the Connector for SWIFT gpi is replaced by the SWIFT Software Development Kit and SWIFT
Microgateway.
Related information
Developer site (www.swift.com)
copy fallback service mode

The mode in which the customer operates the copy service if the central institution and SWIFT agree that
the copy service cannot operate in normal service mode. Typically, the customer uses this mode in a
disaster or emergency situation
See also bypass mode.
copy service mode

Users can operate the copy service in either Y-Copy mode or T-Copy mode.
copy service state

The operational state for an active copy service. The state can be open or closed. SWIFT may close a
copy service for maintenance purposes, or because of an emergency situation.
Corporate Actions
A messaging solution based on ISO 15022 standards and using FIN. The Corporate Actions solution
consists of five message types (that is, the notification, the election, the status, the confirmation, and the
narrative messages). This set of messages is used in the communication between an account servicer
and an account owner for income distribution, re-organisations or other general corporate-actions events.
An InterAct, store-and-forward solution based on a set of 13 ISO 20022 messages for Corporate Actions
has been developed. These messages are interoperable with the ISO 15022 messages.
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Glossary
Related information
Corporate Actions (www.swift.com)
Standards MX documentation
Corporate Packs
SWIFTRef products for Corporates. The Corporate Packs are a bundle of other SWIFTRef products and
Directories. Pack 1 contains Bankers World Online access and a monthly download of IBAN Plus. Pack 2
contains Bankers World Online access, a monthly download of IBAN Plus and Bank Directory Plus, and
the SAP-compatible Bank Directory for SAP™. Pack 3 combines the look-up capability of Bankers World
Online with a daily xml datafeed or monthly file update of the full Payments Plus directory. The SAP-
compatible Bank Directory for SAP™ is also part of this package.
Related information
Corporate Packs (www.swift.com)
Corporate Rules
The SWIFT Corporate Rules specify the SWIFT user categories and eligibility criteria and the admission
and termination process applicable to SWIFT users. It further describes, inter alia, the role of the National
Member and National User Group established in each country where SWIFT users are present, the
SWIFT organisation, the General Meeting of shareholders, and the Board of Directors.
Related information
Corporate Rules document
Corporates participating in Score (CORP)

A legal entity that wishes to participate in SCORE. The eligibility criteria are detailed in the SWIFT
Corporate Rules.
Correspondent Monitoring for Compliance Analytics

Correspondent Monitoring is an online optional add-on to Compliance Analytics that enables the ongoing
monitoring of correspondent banking relationships. Correspondent Monitoring uses reporting and
notifications to provide automated transaction monitoring of specific, unusual or high-risk activity patterns
for review as part of business-as-usual AML processes.
Related information
Correspondent Monitoring (www.swift.com)
Compliance Analytics documentation
Country, Currency, and Holiday Directory (CCH)

A SWIFTRef directory that provides the country ISO codes, the currency ISO codes, and the holidays by
country. The Countries, Currencies and Holidays Directory is essential to validate payments to ensure
that they will not be delayed or rejected. It is updated on a monthly basis and included in the BIC
Directory 2018 and the BIC Plus directory.
Related information
SWIFTRef (www.swift.com)
Country, Currency, and Holiday Directory Technical Specifications
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Glossary
country code
The element of the BIC that is used to identify the country where the business party is located. It is
composed of two alphabetic characters. The ISO 3166-1 standard specifies the country code.
See also business party identifier.
Related information
CREST over SWIFTNet

The service that provides Euroclear UK and Ireland customers with a single interface to a wide range of
UK and European securities, services and counterparties. SWIFT has been accredited by Euroclear UK &
Ireland as a Service Provider to carry data between its customers and the CREST system using the data
communication facilities offered by the SWIFTNet network and leveraging SWIFT Alliance interfaces
located at the customer site.
See also Central Securities Depository.
Related information
CREST over SWIFTNet documentation
Crisis Executive
The person who co-ordinates the incident or crisis recovery with the Crisis Team. (S)he is the Head of the
command centre team in crisis situations.
Crisis Team
The team consists of a core team of executives who gather to decide on a strategic way-forward to
complement the recovery activities lead by the Crisis Executive and the command centre team. The team
focuses on handling the political side of the problem, protecting SWIFT's reputation, containing the crisis
impact beyond today, and defining the high-level media crisis communication strategy.
cross-border back-up connection

A connection to the SWIFT network through an access point in a country other than that of the
organisation that requires it. It can also be a connection through a messaging interface located in a
foreign branch of that organisation. Organisations maintain cross-border back-up connections for
emergency purposes only.
Cross-Border Payments and Reporting Plus (CBPR+)

The market practice working group formed by SWIFT in January 2019 to formulate common guidelines
for the use of ISO 20022 messages for cross-border payments and cash reporting. The market practice
guidelines are published at www.swift.com > mystandards.
cumulative update
An update that contains all previous updates of a service or a product that relate to a specific SWIFTNet
and Alliance release. Cumulative updates follow a chronological sequence per product and end with 0 (for
example, 20, 30).
See also Release Timeline
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Glossary
Related information
SWIFTNet And Alliance Release Policy
customer
See SWIFT customer.
Customer Operations
The SWIFT department that fulfils customer orders end-to-end, administers customer data and contracts,
and ensures secure customer access to SWIFTNet services. The Customer Operations department also
collects and publishes official information (for example, BIC and directories) and is responsible for the
system and the network's provisioning that enable customers to work with SWIFT. The department also
takes care of the maintenance and support of the internal IT and applications, including the infrastructure
security.
Related information
Ordering (www.swift.com)
customer parent destination (CPD)

The primary BIC of a customer designated as SWIFT head of traffic of a group.
Customer Premises Equipment (CPE)

A router at the customer site that bridges the customer's private IP network and the SWIFT secure IP
network.
Customer Security Controls Framework (CSCF)

The document that establishes a set of mandatory and advisory security controls for the operating
environment of SWIFT users. Mandatory security controls build on existing guidance and establish a
security baseline for the entire user community. Advisory controls are optional good practices that SWIFT
recommends each user implement in their operating environment. This document has to be read in
conjunction with the Customer Security Programme FAQ (Knowledge Base article 5021823) which
provides additional valuable information.
Related information
SWIFT Customer Security Programme documentation
Customer Security Management (CSM)

The SWIFT department that administers security for SWIFT user. Customer Security Management
assists the SWIFT trusted third-party organisation (internal audit) with delivery investigations, claims, and
authorisations for straight-through processing. It acts as the SWIFTNet Registration Authority for
SWIFTNet security officers, and the administrator for SWIFTNet Public Key Infrastructure. The Customer
Security Management also issues SWIFTNet Link Tuxedo passwords.
Customer Security Programme (CSP)

The programme that SWIFT has set up to help the SWIFT user community improve cybersecurity and to
facilitate cybersecurity risk assessment by and amongst users directly. The Customer Security
Programme includes initiatives such as those set out in the Customer Security Programme SWIFT
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Glossary
Customer Security Controls Framework Detailed Description, the SWIFT Customer Security Controls
Policy, the Independent Assessment Framework, or the SWIFT ISAC.
See also KYC Security Attestation.
Related information
Customer Security Programme (www.swift.com)
Customer Security Programme documentation
Customer Shares Destination (CSD)

The primary BIC of a customer designated as SWIFT legal parent of other customers in the same group.
Customer Support Centre (CSC)

The first-level helpdesk facility for customer queries and problems.
Contact SWIFT Support page
cut-off date
The date by which Customer Operations must receive SWIFT database update requests, network
modification requests, and SWIFT interface contracts, to enable the customer to go live on a particular
date.
cut-off time
The time until which the receiver of a message applies same-day value. Either the financial market
practices at the receiver's location, or a bilateral agreement between sender and receiver, determine the
cut-off time. In the absence of such an agreement, the cut-off time is the cut-off time for the receiver's
location, as published in the BIC Directory.
cutover
The point during the implementation process at which SWIFT connects a customer to the FIN or a
SWIFTNet service (for example, FileAct or SWIFT WebAccess) for live traffic.
Cyber Security Service Provider

A company listed in the Directory of cyber security service providers. Those companies can help the
SWIFT users to address cyber security within their own organisations and to help them comply with the
mandatory controls defined in the SWIFT Customer Security Controls Framework. SWIFT does not have
any commercial relationship with those companies.
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Glossary
D
Daily Validation Reports
Daily Validation Reports are part of SWIFT's financial crime compliance portfolio and the Customer
Security Programme. They help to mitigate the risk of lost records by providing daily activity and risk
reporting of your previous day’s SWIFT transactions. Reports are delivered via a completely separate,
secure online channel, direct to your compliance/operations teams for monitoring.
Related information
Daily Validation Reports (www.swift.com)
Daily Validation Reports documentation
Data Distribution
A solution that enables SWIFT users and securities market data providers to exchange corporate action
data (in ISO 15022 format) and other securities-related market data over SWIFTNet, using either FIN or
FileAct.
Related information
Data Distribution Service Description
Delayed Message trailer (DLM trailer)

A trailer that the FIN service adds to user-to-user messages that it has not been able to deliver after a
certain time. This delivery time is 15 minutes for urgent-priority messages, and 100 minutes for normal-
priority messages.
delayed NAK
A negative acknowledgement that the FIN service sends to the sender of a command or request. A
delayed negative acknowledgement indicates that, although the FIN service has positively acknowledged
the original command or request, it cannot execute or fulfil it. An error code indicates the reason for the
rejection. The FIN service returns a delayed negative acknowledgement as a response to all user
commands for which normal responses do not contain provision for an error code.
delivery instructions
User-specified rules that define how FIN queues messages of a particular priority, category, or type at the
Regional Processor in the delivery subsets for a destination.
delivery monitoring
The facility that enables the sender of a message or a file to request a non-delivery warning, a delivery
notification, or both, for that message or file.
delivery notification
A system-generated message that confirms that the system has effectively delivered a message or file for
which the user has requested the delivery monitoring feature. The notification provides the date and the
time of delivery.
delivery queue
A sequence of output message or files stored while awaiting delivery to a particular destination.
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Glossary
delivery subset
A subset of the output messages for a destination that FIN stores in a specific delivery queue, according
to the user's delivery instructions.
deny list
A list that contains references to security tokens that SWIFT suspects of being compromised in some
way, and which are therefore no longer valid.
Designer for SWIFT Translator

An offline software solution offering a Graphical User Interface that allows the customers to perform a
number of actions on SWIFT Translator, for example: defining, testing, validating message formats,
mappings between messages and rules.
Related information
SWIFT Translator Service Description
destination
The identity of a SWIFT user organisation at a specific location. The 8-character BIC identifies a
destination.
digital signature
The mathematical result calculated using a publicly available algorithm and a private key on a unit of
digital information. Anyone who has the unit of information and the corresponding public key can, through
verification, accurately determine whether that mathematical result was created using that private key,
and whether the unit of information has been altered since that mathematical result was calculated.
See also verification.
Direct Link for Alliance Lite2

The Direct Link option for Alliance Lite2 provides an alternative connectivity for automated flows. It
supports the interactive connection between the back-office and Alliance Lite2, while it offers an ad-hoc
integration and transformation capability.
direct loss
A non-recoverable loss of funds. This loss represents the principal amount of FIN authenticated
messages or transfers, and any loss of interest that occurs as a result.
Directory for SWIFT gpi

The Directory for SWIFT gpi provides information about the gpi customers, including the 11-character
BICs through which they can be reached, the currencies they support, and the related cut-off times.
Related information
SWIFT gpi documentation
Directories Download Automation

A facility that enables customers to automate the download of the monthly directory files.
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Glossary
Directories over FileAct (DOFA)

An optional distribution service for users connected to SWIFTNet for an automated (push mode)
reception of data files through FileAct.
Related information
Directories Over FileAct documentation
Directory
SWIFT publishes a series of directories that are essential for SWIFT customers to improve the straight-
through processing of their transactions or to update their customer database. Some examples of the
directories that SWIFT provides are as follows: Country, Currency, and Holiday Directory, EURO1/STEP1
Directory, and Paper BIC Directory.
Related information
swiftref.swift.com
disaster recovery infrastructure

The infrastructure on which, in case of a site takeover, the database is recovered (configuration only), and
then activated.
Distinguished Name (DN)

The identification of an entity following the X.500 notation. SWIFTNet identifiers have the format of a DN.
An example is cn=xyz,ou=abc,o=bankbebb,o=swift, in which bankbebb is the 8-character BIC, and the
other elements at the left form the optional extension. This extension enables detailed identification by
department, geographical location, application, or individual.
Distributed Architecture
The messaging architecture that implements messaging zones (currently, European and Trans-Atlantic)
with pairs of operating centres that store the traffic for each zone.
distribution router
An IP router within the secure IP network Point of Presence that connects the PoP to the secure IP
network.
documentary collection
The instruction of the seller to the bank to collect the value of the documents from the purchaser. The
bank may either hand over the documents against payment, or get a commitment to pay (generally, the
acceptance of a draft). The bank makes sure that the payment is received but does not make any
commitment to pay. The Uniform Rules for Collections (URC) of the International Chamber of Commerce
(ICC) govern documentary collections.
documentary credit
A firm commitment by an issuing bank to pay a specified sum in a specified currency provided that the
conditions included in the documentary credit meet a specified time frame. The documentary credit
cannot be cancelled (or its terms amended) without the prior consent of the seller (beneficiary). The
Uniform Customs and Practice (UCP) of the International Chamber of Commerce (ICC) govern
documentary credits.
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Glossary
dormant mode
The mode for a copy service that SWIFT has defined, but that is not yet in live operation.
double authentication
An optional mechanism used in FINCopy, which enables the service administrator to verify the origin and
integrity of copied data. Double authentication also enables the recipient of a user-to-user Y-Copy mode
message to verify that the service administrator has authorised the message.
Download Centre
The SWIFT portal from which SWIFT customers can download software and software updates.
swift.com login credentials are required to access the Download Centre.
Download Centre portal
DSL Entry
One of the SWIFT connectivity products that enables a customer to connect securely to SWIFTNet
through Digital Subscriber Lines (DSLs). DSL Entry requires two VPN boxes, A DSL router, and a DSL
line to the point of presence of a SWIFT Network Partner.
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SWIFT E
Glossary
E
EBA CLEARING
A provider of pan-European payment infrastructure solutions. Founded in 1998, the Company is owned
by major banks operating in Europe and based on a country-neutral governance model. EBA CLEARING
manages two Systemically Important Payment Systems, the large-value euro payment system EURO1/
STEP1 and STEP2, a pan-European payment infrastructure platform for mass payments in euro. EBA
CLEARING also manages RT1, a pan-European real-time payment infrastructure platform for euro
transactions.
encrypt DN
The Distinguished Name of the entity for which the sender has encrypted an InterAct message. To
encrypt the message, the sender uses the encrypt DN public key infrastructure certificate . To decrypt the
message, the holder of the PKI certificate uses its private key.
end of service
The end of service date for a product or service is the date on which SWIFT terminates all related
contractual undertakings, and stops all operational and support activities.
end of support
The end of support date for a specific release of a product or service is the date on which SWIFT no
longer supports that specific release.
Related information
SWIFTNet and Alliance Release Policy
end user
An individual within a customer's organisation, who accesses one or more SWIFT services.
Entity Plus
A SWIFTRef directory that financial institutions use to do the following:
• look up the formal identifiers of legal entities using names and addresses
• look up an identifier from another identifier (cross-referencing)
• find the relationships between a legal entity and its domestic and foreign branches
eStatements
eStatements enable financial institutions to securely transmit period end, legal bank statements over
SWIFT eliminating the need for paper-based statements, printing, transportation and storage, therefore
leading to cost savings and risk reduction.
EUCLID Connector Client (ECC)

SWIFT-developed connector that enables SWIFTNet access to the Euroclear Bank Service, EUCLID,
through Alliance Gateway.
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Glossary
Related information
EUCLID Connector documentation
EURO1
A euro payments-clearing and settlement service managed by EBA CLEARING. EURO1 uses the FIN
service and FINCopy, InterAct, FileAct, SWIFT WebAccess, and central processing provided by SWIFT.
The central processing authorises payment messages for delivery, only when the result of processing the
payments is to keep both the sender's and the receiver's positions within limits. EBA CLEARING acts as
business administrator and manages the settlement process.
EURO1/STEP1 Directory
The Directory that enables EURO1/STEP1 participants and sub-participants to list other banks for which
they act as correspondents for payments sent through the EURO1/STEP1 system. The directory is
updated on a monthly basis. It reflects the list of BICs that participate in EURO1, or STEP1, or both, and
the banks entered by EURO1/STEP1 participants as reachable destinations. The directory is cross-
referenced with the BIC Directory to reflect changes in BICs or membership in EURO1/STEP1.
Related information
EURO1/STEP1 Directory documentation
Euro Banking Association (EBA)

The Euro Banking Association plays a major role in the financial industry as a forum for discussing and
driving pan-European payment initiatives. The Euro Banking Association is a country-neutral banking
association.
Also known as Association Bancaire pour l'Euro (ABE).
Euro-Related Information (ERI)

A computer-readable method by which financial institutions can indicate ERI in the free-text fields of
messages. Financial institutions used ERI during the dual-currency transition period for the euro from
1999 to 2002. It is now also available for other dual-currency information and for future euro-transition
periods.
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SWIFT F
Glossary
F
Failure is Not an Option (FNAO)
A key element of delivering excellence capabilities at SWIFT. FNAO aims to foster a culture of continuous
improvement and commitment to provide services that meet the highest levels of security, reliability, and
resilience. It is about anticipating problems, going the extra mile to find a solution, and educating to
prevent recurrence
file transfer local agent (FTLA)

A component of SWIFTNet Link that provides FileAct functionality.
FileAct
An automated messaging service that SWIFT has designed to enable customers to exchange files.
FileAct supports both interactive and store-and-forward modes. It is particularly suited for the exchange of
large volumes of data.
Related information
FileAct (www.swift.com)
FIN
In the scope of messaging applications, the financial messaging application, which together with the
General Purpose Application, makes up the FIN service.
In the scope of messaging services, the messaging service that enables the secure and reliable
exchange of MT messages in store-and-forward mode. User-to-user, user-to-SWIFT, and SWIFT-to-user
messages are sent and received within the FIN service (that is, within both the General Purpose
Application and the FIN application).
Related information
FIN (www.swift.com)
FIN documentation
FIN address
A 12-character string that identifies the sender and the receiver in the header of a FIN message. The
string consists of an 8-character BIC, a logical terminal code as the ninth character, and a 3-character
branch code.
FIN bridge
The component within FIN that forms a bridge between the FIN service and the SWIFTNet access and
transport infrastructure.
FIN vendor testbed

A network used to test applications or interfaces before deployment on the FIN production network. The
FIN vendor testbed is reached through the integration testbed.
Financial Information Exchange (FIX)

A message standard that facilitates the electronic exchange of information that relates to securities
transactions.
17 December 2020 36
SWIFT F
Glossary
See also FIX Protocol Ltd..
financial institution
For SWIFT purposes (for example, for message validation), a financial institution is an organisation that is
eligible as a SWIFT user, except Treasury Counterparty (TRCO), non-financial institutions in a Member-
Administered Closed User Group, Corporates (CORP), and Securities Market Data Provider (SMDP)
categories.
financial market regulators (REGU)

An entity, agency, association, or organisation which regulates or supervises institutions engaged in
financial activities with a view to protect the integrity and stability of the financial markets The eligibility
criteria are detailed in the SWIFT Corporate Rules.
financial supply chain

An end-to-end sequence of financial processes that take place in a commercial transaction. The financial
supply chain starts with the issuance of a purchase order and ends with the post-settlement reconciliation
between the buyer's accounts payable system and the seller's accounts receivable system.
FINCopy
FINCopy enables the sender of a message to trigger a full or partial copy of a FIN message to a pre-
defined third party (eight-character BIC) for further processing, including optional authorisation. FINCopy
operates in T-Copy mode and Y-Copy mode.
Related information
FINCopy (www.swift.com)
FINCopy documentation
FINCopy service identifier

A unique 3-letter code in field 103 of a FIN message user header, which identifies a FINCopy service
message. FINCopy also uses this field, for the same purpose, in undelivered message report and abort
notification to the users.
FINInform
FINInform automatically generates a full or partial copy of a pre-defined set of FIN message types, and
forwards the copy to a pre-defined third party (eight-character BIC or eleven-character BIC). The
message copy can be sent to up to three destinations. There is no impact on the original message flow.
FINInform operates in T-Copy mode.
Related information
FINInform (www.swift.com)
FINInform documentation
FINInform copy destination

An eight-character BIC or an eleven-character BIC that the FINInform service administrator has identified
as the destination that receives copies of the FIN messages, based on the service parameters that the
FINInform service administrator has defined. The copy destination may belong to the FINInform service
administrator or another SWIFT user.
17 December 2020 37
SWIFT F
Glossary
FINInform service identifier

A 3-letter code that identifies the FINInform service. The FINInform identifier code appears in the header
of the received copy of a message.
FINplus
The Interact many-to-many store-and-forward messaging service. FINplus enables financial institutions to
exchange the ISO 20022 messages for securities and payments in a secure, cost effective, and reliable
way.
Related information
FINplus documentation
FIX engine
A software application the primary function of which is to maintain Financial Information Exchange trading
sessions between itself and one or more counterparties.
FIX Protocol Ltd. (FPL)

An international group of committees that owns and maintains Financial Information Exchange as a public
domain specification.
follow the sun

The expression that indicates that a service is implemented through two, three, or more service centres
across the world, each covering a part of the service opening hours. Customer requests can be handed
over from one centre to the next at the end of the local opening hours. For example, SWIFT Community
Support is available 24 hours a day for operational issues qualified as Blocking. The three main
Customer Support Centres (Asia Pacific [AP], Europe Middle East Africa [EMEA], and Americas [AM])
operate during their local working hours.
force majeure
Force majeure refers to any event or circumstance which is beyond the reasonable control of, and is not
attributable to, the affected party, resulting in the affected party being prevented from performing or being
delayed in the performance of any of its obligations, as further specified in the SWIFT General Terms and
Conditions.
Front-End Processor (FEP)

A processor at a SWIFT operating centre or a user site.
full function mode (FFM)

A Test and Training mode in which users can exchange FIN messages with other training users (subject
to a message routing restriction tables), with themselves, or with the system.
See also local test mode.
Funds
The solution that covers transactional and reporting flows related to global fund distribution. Funds
comprises a set of ISO 20022 (XML) standards, a rulebook, and InterAct (in store-and-forward mode, with
central validation and non-repudiation).
17 December 2020 38
SWIFT F
Glossary
Related information
Funds documentation
FX Performance Insights
A productised consultancy service using Watch that enables a firm to measure their FX business against
those of their peers.
17 December 2020 39
SWIFT G
Glossary
G
General Availability
The date when SWIFT makes available, to customers, a qualified version of SWIFTNet Link and the
Alliance products for live operations and general distribution.
Related information
General Meeting (GM)

An InterAct store-and-forward solution (formerly known as Proxy Voting) that relies on eight ISO 20022
XML messages. These messages support announcements, entitlements, voting, confirmation of votes,
and results for shareholders' meeting activity between the issuers and the beneficial owner, and through
all intermediaries (such as custodians, exchanges, market infrastructures, and proxy agencies). The
General Meeting solution is compliant with the Shareholder Rights Directive II.
Related information
General Purpose Application (GPA)

The SWIFT application that establishes and controls the communication between a logical terminal and
the FIN application. The General Purpose Application also controls the user's initiation and termination of
FIN session.
global cold start

The restoration of service from an empty or zeroed state for all messaging zones (that is, currently, both
the Trans-Atlantic and the European zones).
Related information
Knowledge Base article 3000616
Global Electronic Trade Confirmation

An ISO 15022 standard messaging solution backed by a set of market practices documented in an
Implementation Guide to streamline securities allocation confirmation processing for buy and sell sides.
Related information
Global Electronic Trade Confirmation (www.swift.com)
global operating centre (global OPC)

The global operating centre acts as back-up for both regional operating centres.It stores and processes
FIN messages from both messaging zones.
Group Hub
A SWIFT user or non-user organisation connecting users within its corporate group and as further defined
in the Shared Infrastructure Programme Terms and Conditions.
17 December 2020 40
SWIFT H
Glossary
H
Hardware Security Module (HSM)
A tamper-resistant hardware device within which the user generates and stores its SWIFTNet Public Key
Infrastructure private keys. The HSM performs cryptographic operations such as signing the data that is
sent over SWIFTNet.
Related information
Hardware Security Module (www.swift.com)
Hardware Security Module Box documentation
Hardware Security Module box (HSM box)

sent over SWIFTNet. The HSM box (Luna IS by Gemalto) can store multiple certificates and can handle
low to high throughputs.
See also Hardware Security Module, private key
Hardware Security Module token (HSM token)

sent over SWIFTNet. An HSM token (eToken by SafeNet) is a small, lightweight device that fits on a key-
ring. It connects to the PC through a Universal Serial Bus (USB) port.
See also Hardware Security Module, private key
head office declaration

A document that the parent entity completes to provide information about the legal status of a sub-
member (that is, a branch or subsidiary).
header
The portion of a message that contains control information (for example, the sender, the receiver, the
message type, and the priority information).
Health check
A thorough analysis of the customer's SWIFT infrastructure. The goal of this analysis is to identify
potential security, configuration, and performance risks that can result in degraded service for any of the
installed SWIFT applications. The Health check verifies that all SWIFT applications, and the respective
operating systems and environments (including connectivity to SWIFT), are in accordance with the
requirements and recommendations set by SWIFT.
The Health check comprises a collector script and a questionnaire that is sent to the customer. SWIFT
reviews the information received from the customer and their systems, and after completing the health
check, SWIFT issues a report that contains the results, including any recommendations for
improvements.
Related information
17 December 2020 41
SWIFT H
Glossary
high-value payments
Payments that, because of the amount involved, the urgency or the need for settlement finality, are of
particular concern to the financial industry.
hold queue
A queue that holds the message input reference of messages that are pending authorisation from the
central institution of a FINCopy service that operates in Y-Copy mode.
host adapter (HA)

Bi-directional transport mechanisms that route incoming messages from applications to the Alliance
Gateway/Alliance Access, and route outgoing messages from the Alliance Gateway/Alliance Access back
to those applications identified as message partners. To facilitate message transport, the host adapter
concentrates message traffic, and dispatches it between Alliance Gateway/Alliance Access and the
applications.
17 December 2020 42
SWIFT I
Glossary
I
IBAN Plus
A SWIFTRef product that helps financial institutions and corporates to validate IBANs and to derive the
BIC from the IBAN. IBAN Plus provides the solution for Regulation (EU) No 260/2012 of the European
Parliament and of the Council (the "IBAN only" rule).
- IBAN Plus documentation
Related information
IBAN Plus (www.swift.com)
IBAN Plus documentation
initial secrets dematerialisation

The secure infrastructure (internal SWIFT systems and processes) that enables convenient access to the
initial secrets required for SWIFTNet Link installation and configuration at the customer's site. Upon
successful entry of an authentication string, this infrastructure grants access to a Customer Security
Management-created file over the secure IP network.
Innotribe
SWIFT Innotribe seeks to reinforce the importance of collaboration in innovation, helping drive the
ecosystem forward as a community. Through global events, such as Sibos, Innotribe works with proven
fintech enterprises, bank, and university innovation labs and top industry experts to stimulate debate and
facilitate action across the industry.
Related information
SWIFT Innotribe (www.swift.com)
Input Application Sequence Number (IASN)

IASN and Output Application Sequence Number refer to application sequence numbers (input and output)
that a network interface uses to keep track of both messages sent to an application for processing, and
output messages received from an application to be sent to the network.
input message
Any message that a user sends to the FIN messaging service, or to another user, by means of the FIN
messaging service.
Input Protocol Sequence Number (IPSN)

IPSN and Output Protocol Sequence Number refer to sequence numbers that a network interface uses to
keep track of messages that pass between two applications.
Input Regional Processor

The primary logical node of the FIN service that establishes a session with the FIN sender, and validates
all FIN messages that come from the sender.
See also Regional Processor.
17 December 2020 43
SWIFT I
Glossary
input sequence number (ISN)

A sequential, 6-digit number that is assigned to each FIN input message.
input window
See window.
input/output identifier
A 1-letter code in the application header that indicates whether the FIN message is input (I) or output (O).
instant payments
The Euro Retail Payments Board (ERPB) has defined instant payments as "electronic retail payment
solutions available 24/7/365 and resulting in the immediate or close-to-immediate interbank clearing of
the transaction and crediting of the payee’s account with confirmation to the payer (within seconds of
payment initiation). This is irrespective of the underlying payment instrument used (credit transfer, direct
debit or payment card) and of the underlying arrangements for clearing (whether bilateral interbank
clearing or clearing via infrastructures) and settlement (for example, with guarantees or in real time) that
make this possible."
institution code
party prefix
institution DN
The Distinguished Name of the SWIFT user. The DN includes the BIC and no other details.
Integration Platform (IPLA)

A licence option for Alliance Access that extends Alliance Access with integration functionality. Installing
Alliance Access installs the Integration Platform.
Related information
Alliance Access Integration Platform (www.swift.com)
Alliance Access documentation
integration testbed
The SWIFTNet integration testbed is available to market infrastructures, service providers, and
application vendors to test the integration of the software applications with SWIFTNet services. It is also
available to application developers on a recurring basis to test their software applications and services
against new releases of SWIFTNet services.
integrity
The mechanism that enables the originator of a message to provide the recipient with the means of
verifying that the message has not been modified during transmission.
integrity protection
The mechanism that ensures that no unauthorised persons have modified a message or payload during
storage or transmission.
17 December 2020 44
SWIFT I
Glossary
InterAct
A messaging service that enables the interactive (real-time) and store-and-forward exchange of
messages between parties. InterAct is particularly suited for mission-critical and time-critical applications.
Related information
InterAct (www.swift.com)
interactive
The messaging model that indicates a conversational exchange of messages (for example, when a user
enters a question or command and the correspondent responds immediately).
interactive customer consultation (ICC)

Interactive customer consultations are part of SWIFT's customer consultation programme, an ongoing
dialogue with our global community of shareholders and users. They are online surveys that typically
focus on future product releases and prioritise specific features. These surveys poll a broad sample of the
SWIFT community. SWIFT communicates survey results through summary reports, which it may use
afterwards in regional conferences and at Sibos.
Interactive Workstation (IWS)

A SWIFT WebAccess interface that bank members use to interact with the EURO1 and STEP1 clearing
services. Bank members can use this service to monitor bank positions, limits, and on-hold payments.
interface applications
An application that provides access for business applications to SWIFTNet by managing SWIFTNet
protocols.
See also business application
Related information
Interfaces and Integration (www.swift.com)
International Central Securities Depository (ICSD)

An institution that clears and settles international securities transactions by book entry (that is, by the
adjustment of participants' accounts). The stock is domiciled in the native countries' national Central
Securities Depository.
International Drawdown (IDD)

International Drawdown is an alternative that SWIFT offers to customers that have difficulty in arranging
their direct debit with a bank that is connected to the European and US Automated Clearing Houses
(ACH). IDD uses the existing international-correspondent, banking-payment infrastructure to process
payments automatically from a client-designated payment account. The IDD service is a global cash-
management system offered by an international third-party provider.
International Organization for Standardization (ISO)

The organisation that develops international standards. ISO is based in Geneva.
ISO website
17 December 2020 45
SWIFT I
Glossary
International Securities Identification Number (ISIN)

A code that uniquely identifies a specific issue of financial instruments. Its structure is defined in ISO
6166. The ISIN is a 12-character alphanumerical code that does not contain information characterising
financial instruments, but serves for uniform identification of a financial instrument.
International Swaps and Derivatives Association (ISDA)

The industry association for the world's leading participants in privately negotiated swaps and related
derivatives transactions. Members include financial institutions, government entities, corporations, and
service providers.
ISDA website
interoperability
The ability of computers, protocols, and message standards to communicate with other computers,
protocols, and message standards. Interoperability is required for Straight-Through Processing.
IPsec
Internet Protocol security. An industry standard technology that SWIFT uses to secure all IP-based
communication flows between the customer premises and SWIFT.
ISAE 3000
The International Standard on Assurance Engagements (ISAE) 3000 is the internationally recognised
industry standard that enables service providers (for example, SWIFT) to obtain independent assurance
on their control objectives and processes. Together with the annual report, SWIFT publishes an ISAE
3000 report that provides information about the security and reliability controls that SWIFT implements.
Related information
ISAE 3000 Type 2 reports (www.swift.com)
ISO 15022
The standard that enables the securities industry to design message types on the basis of ISO 15022
syntax and message design rules, a dictionary of data fields, and a catalogue of messages. SWIFT is the
ISO 15022 Registration Authority.
ISO 15022 website
ISO 20022
The standard that describes the agreed methodology used by the financial industry to create consistent
message standards. ISO 20022 uses a modelling methodology to capture financial business areas,
business transactions, and associated message flows in a syntax-independent way. It also uses a central
dictionary of business items used in financial communications.
ISO 20022 website
ISO 20022 (Financial) repository

The repository that the ISO 20022 Registration Authority maintains. SWIFT is the ISO 20022 Registration
Authority. The ISO 20022 (Financial) repository contains a data dictionary and a business process
catalogue (that includes models and derived message definitions).
17 December 2020 46
SWIFT I
Glossary
ISO 20022 Programme

With payment systems of all reserve currencies adopting ISO 20022, the financial community with
consensus has decided to move to the new standard in Financial Institution to Financial Institution
payments and reporting.
SWIFT is facilitating this community-wide adoption with the ISO 20022 Programme. The programme will
establish a new messaging service, co-existence measures to support adoption, training and adoption
services towards this goal.
New ISO 20022 messages, compliant with agreed market practice, will be live on SWIFT as of November
2021. After a period of four years of co-existence, the corresponding legacy SWIFT Standards MT
messages will be decommissioned on the SWIFT platform. The adoption of ISO 20022 applies only to
payment instructions and reporting messages exchanged bilaterally between financial institutions. Other
transactions such as corporate payments and cash management, securities post-trade, clearing and
settlement, corporate actions, FX, treasury and trade finance are currently not in scope.
Related information
ISO 20022 documentation
ISO Registration Authority

A competent body that ISO has appointed to ensure that an international standard developed by an ISO
technical committee is maintained or implemented (or both) effectively.
SWIFT is the ISO Registration Authority for ISO 9362 (BIC), ISO 10383 (MIC), ISO 13616 (IBAN), ISO
15022 (scheme for securities messages), and ISO 20022 (universal financial industry message scheme).
17 December 2020 47
SWIFT K
Glossary
K
Key Management Application (KMA)
The application that certifies (or recovers) an end user that has been registered and set up for certification
(or recovered) using the Local Registration Application.
key pair
Two mathematically related cryptographic keys. One key is private and protected. The other key is public
and available to correspondents within a certificate.
See also private key and public key.
Knowledge base (KB)

A collection of articles that enables SWIFT Support-registered customers to search for solutions to
problems. These articles are provided in the Knowledge Centre.
See also Knowledge Centre
Knowledge Centre
A portal for SWIFT users, which they can customise according to their professional role and interests.
The enhanced search functionality includes eLearning modules from SWIFTSmart, while the streamlined
categorisation system enables users to find relevant content faster.
The Knowledge Centre also hosts a collection of Knowledge Base articles and how-to videos that enable
SWIFT Support-registered customers to search for solutions to problems.
Knowledge Centre portal
Related information
Standards MT documentation
KYC Adverse Media

An optional service that can be ordered by customers of the KYC Registry. It gives customers of the KYC
Registry access to the third party supplier database of News articles about financial institutions, and to
Profile notes, official statements and announcements from regulators and authorities (for example,
enforcement actions, investigations, fines).
Related information
KC Registry (www.swift.com)
The KYC Registry documentation
KYC Registry
SWIFT's response to the evolving regulatory obligations, requiring banks to enhance their KYC due
diligence processes and improve the quality of the documentation and analysis of correspondent banks.
The KYC Registry is designed to provide customers with KYC-related information and documents (to
assist them in performing their KYC assessment when establishing new relationships or re-assessing
existing relationships with correspondent banks) and to enable customers to upload, update, and manage
their own KYC-related information and share it when requested by their correspondent banks.
KYC stands for Know Your Customer.
17 December 2020 48
SWIFT K
Glossary
Related information
KC Registry (www.swift.com)
The KYC Registry documentation
KYC Security Attestation (KYC-SA)

The online portal designed for SWIFT users to submit their self-attestation data which confirms their
organisation’s level of compliance with SWIFT’s customer security controls defined in the SWIFT
Customer Security Controls Framework. The application helps to increase community transparency by
enabling users to share their self-attestation data with their counterparties, and to request data from
others in order to apply risk-based decision-making concerning their business relationships.
Related information
KYC Registry Security Attestation
The KYC Security Attestation documentation
17 December 2020 49
SWIFT L
Glossary
L
leased line (LL)
A standard connection line to SWIFTNet. Leased lines have bandwidths up to E1/T1. They offer a
permanent connection between the customer premises and the Point of Presence of the SWIFT Network
Partner.
left security officer (LSO)

A role that carries joint responsibility with the right security officer for the configuration and the
management of the security functions within Alliance.
Related information
legal entity identifier (LEI)

ISO standard 17442 specifies the elements of an unambiguous scheme to identify the legal entities
relevant to any financial transaction.
Related information
Legal Entity Identifier (www.swift.com)
LEI File
A file which is included in the Entity Plus package and gathers data from the consolidated file issued by
GLEIF (Global Legal Entity Identifier Foundation).
LEI File documentation
Libraries for SWIFT Translator

Pre-defined projects that contain for example definitions of components, messages, mappings, and
functions that can be imported, used, and customised in the SWIFT Translator Designer.
Related information
Loans
A solution that caters for electronic agent notification messaging for the loans market.
Local Authentication (LAU)

Local Authentication provides integrity and authentication of files exchanged between Alliance Access
and any application that connects through the application interface. Local Authentication requires that the
sending entity and Alliance Access use the same key to compute a Local Authentication file signature.
Local Command Team (LCT)

The team that leads emergency actions and recovery activities during a SWIFT site disruption in a
specific location. The team is under the supervision of the Site Manager.
17 December 2020 50
SWIFT L
Glossary
Local Language File

A file that includes national bank codes (also called bank sort codes) in their local language and format.
Related information
Local Language File documentation
Local Registration Application (LRA)

The application that the security officer uses to register an organisation's users and manage an
organisation's certificate.
local test mode (LTM)

The Test and Training mode in which a user can simulate a message transmission to other users, or to
the system.
See also full function mode.
location code
party suffix
logical terminal (LT)

The logical entity through which users send and receive FIN messages.
logical terminal code

A single, alphanumeric character that identifies a specific logical terminal within a destination. The logical
terminal code is the ninth character of a full FIN address.
Logical Terminal Control (LTC)

Part of the FIN General Purpose Application.
Login command
The process by which a logical terminal establishes a connection and opens a General Purpose
Application session with FIN. The first login establishes the physical connection.
login negative acknowledgement (LNK)

The NAK that the FIN service returns in response to a failed Login command attempt. An error code
indicates the reason for failure.
Related information
FIN System Messages
login positive acknowledgement (LAK)

The acknowledgement that FIN returns after a successful login attempt.
Related information
FIN System Messages
17 December 2020 51
SWIFT L
Glossary
login sequence number (LSN)

Part of the FIN login, a sequential 4-digit number that is part of the Login command process and the login
authentication.
logout
The process of terminating the logical connection between a logical terminal and the FIN service.
LT-directed queue (LTDIR queue)

A special delivery subset called LTDIRa that is assigned to each logical terminal. The a represents the
logical terminal code of the receiving logical terminal. All system output messages are queued to LTDIRa.
Exceptions are MT 081 (Daily Check Report), MT 092 (SWIFT-to-User Message), MT 094 (Broadcast),
and MT 096 (FIN Copy to Central Institution).
LT-ID
A unique 9-character identifier for any logical terminal. The LT-ID consists of the 8-character BIC for that
destination and the logical terminal code. The LT-ID is also known as the BIC9.
17 December 2020 52
SWIFT M
Glossary
M
main message flow (MMF)
The processing invoked by customers to send and receive messages and files to each other. The main
message flow is performed by applications, messaging interfaces, communication interfaces (including
SWIFTNet Link at the sender side), the central messaging infrastructure (that is, Front-End Processor,
switches, the FIN bridge, and FIN), and the receiver's communication interface (including SWIFTNet Link,
the messaging interface, and the applications).
Maintain Your Data

The application that assists its users to create and manage data entries for SSI (Standing Settlement
Instructions), gpi, and SEPA reachability.
Related information
Maintain your data (www.swift.com)
Maintain your Data User Guide
managed customer-premises equipment (M-CPE)

The network equipment that is located at the customer's site, and managed by SWIFT and its SWIFT
Network Partner. The managed customer-premises equipment consists of one or more VPN box and one
or more network routers.
Market Claims
A messaging solution based on ISO 20022 standards and meant to automate the processing of corporate
actions related market claims, that is, the process of re-allocating the CA distribution proceeds so that
they reach the contractually entitled party in case it has not received the full entitlement on record date.
The solution consists of four message types (that is, the creation, the cancellation of market claims and
the related status messages). This set of messages is used in the communication between an account
servicer and an account owner.
Market Identifier Code (MIC)

An International Organization for Standardization (ISO 10383) code that identifies exchanges, trading
platforms, and other regulated or non-regulated markets. SWIFT is the ISO 10383 Registration Authority.
Related information
ISO 10383 website
market infrastructure (MI)

A multilateral system among participating institutions, including the operator of the system, used for the
purpose of clearing, settling or recording payments, securities, derivatives, or other financial transactions.
This includes, for example, payment systems such as real-time gross settlement systems and automated
clearing houses, central counterparties, central securities depositories, securities settlement systems and
trade repositories.
Market Infrastructure Closed User Group (MI-CUG)

A Closed User Group implemented in support of a service managed by a Market Infrastructure (MI).
17 December 2020 53
SWIFT M
Glossary
Market Infrastructure Resiliency Service (MIRS)

A generic payment settlement system operated by SWIFT on behalf of a market infrastructure in the
event that the market infrastructure's Real Time Gross Settlement (RTGS) system is completely
unavailable. It is designed to supplement the operational resilience of the market infrastructure's RTGS
service by serving as an additional backup site in addition to their existing primary and backup sites. This
generic payment settlement system processes and settles payments on a transaction-by-transaction
basis in real time. It settles gross payments between members starting from the balances held at the
market infrastructure at the time of failure.
Related information
Market Infrastructure Resiliency Service (www.swift.com)
Market Infrastructure Resiliency Service documentation
market practice
The geographical, functional, and sectorial agreement about how standards should be used in a specific
business scenario, for a specific market, to guarantee efficient execution of a financial transaction.
Master BIC
An organisation may register several 8-character BICs. The master BIC is the main BIC of this
organisation on the SWIFT Network. The master BIC is always a published BIC and is only applicable to
connected BICs.
master destination
A FIN destination for which synonym are defined. A master destination can have up to 99 synonyms.
Each of these synonyms has a unique address.
master LT
A logical terminal of a FIN master destination. A master LT can retrieve messages that synonyms have
sent or received. Unsolicited reports are delivered to the master LT.
Member-Administered Closed User Group (MA-CUG)

Member-Administered Closed User Group. A SWIFT-operated, member-managed service that uses
messaging service. The Member-Administered Closed User Group is designed to enable users that
participate in the Closed User Group to exchange SWIFT messages bilaterally with the service
administrator, or with the administrator-related participant.
Related information
Subscribe to MA-CUG service (www.swift.com)
MA-CUG Service Description
message
A collection of data in a structured format that a user or an application sends or receives. A message
consists of blocks of data that contain information about addressing, optional features, control information
for processing and delivery, security information, and the actual payload or message text. Messages are
typically used to exchange individual transactions or short reports.
17 December 2020 54
SWIFT M
Glossary
message category
A series of message types that relate to a particular class of transaction, as indicated by the first digit of
the message type number.
See also message type.
Related information
message delivery
The process of sending a FIN message from the Output Regional Processor to the address specified in
the header of the message, and receiving a positive or negative acknowledgement from the receiving
interface.
Message Format Validation Rules (MFVR)

The document that provides complete information about the validation procedures that the SWIFT
network applies to the text block (block 4) of FIN user-to-user messages.
Related information
message input reference (MIR)

A unique reference number assigned to every FIN input message. This number consists of the message
input date, the FIN address of the sender, the input session number, and the input sequence number.
message output reference (MOR)

A unique reference number assigned at each delivery attempt of a FIN message. This reference consists
of the message output date, the address of the receiver, the output session number, and the output
sequence number.
message partner
The representation, in an application interface, of an external application (for example, printers, or
mainframe connections). The application interface sees a message partner as the recipient or sender of a
message. It stores the characteristics of each message partner in its corresponding message partner
profile.
message priority
A 1-letter code that the sender of a FIN message assigns to indicate the priority of that message for
output or delivery queuing. Possible values are: S (System), U (Urgent), or N (Normal).
message reception registry (MRR)

The registry where SWIFT stores the central routing rules. Each receiver defines its own rules and
provides them to SWIFT. SWIFT uses these routing rules to determine where to deliver traffic (that is, to
which store-and-forward queue or to which SWIFTNet Link).
17 December 2020 55
SWIFT M
Glossary
Message Reference trailer (MRF trailer)

A trailer that the system adds to FINCopy MT 096 messages, to specify the message reference of the
original user message.
message routing restriction tables (MRR tables)

The tables that specify the FIN message types, or message categories, that users can exchange with
other categories of users.
Related information
FIN Service Description
message type
See MT.
Message User Group (MUG)

A group that FIN user must belong to if they want to receive a particular category of standard messages,
or specific message type. Users that have not registered for a particular Message User Group cannot
send or receive the messages specified for use in that Message User Group.
message user reference (MUR)

A free-format field in the optional user header of FIN messages. It enables senders to add information of
up to 16 characters.
messaging maintenance period

A period during which SWIFT performs scheduled maintenance activities or business continuity and
disaster recovery tests on the messaging services (FIN and SWIFTNet). During these periods, customers
may experience short service disruptions (maximum 10 minutes).
Schedules of messaging product maintenance periods are available on the Operational status page of the
www.swift.com Support section.
messaging service
A service that is available on the SWIFT secure IP network and that enables financial institutions
worldwide to securely and reliably exchange financial messages and files, and to browse securely
through online portals. The messaging service suite includes the exchange of MT messages over FIN,
the exchange of MXs messages over InterAct, the exchange of files over FileAct the support for specific
high-throughput Market Infrastructure solutions through MI Channel, the support of instant messaging
using SWIFTNet Instant, and the secure access to online financial portals using SWIFT WebAccess.
MI Channel
MI Channel (Market Infrastructure Channel) is a messaging service that is designed to enable customers
to access large market infrastructures in an efficient manner. It relies on the SWIFTNet store-and-forward
platform, and optimises the exchange of large amounts of data between the market infrastructure and
their participants, while offering a simplified mode of operation and facilitating integration.
Related information
MI Channel (www.swift.com)
17 December 2020 56
SWIFT M
Glossary
MI Channel documentation
MQ Host Adapter (MQHA)

The MQ Host Adapter supports applications that communicate with Alliance Gateway through
WebSphere MQ queues. To send and receive messages, these applications invoke the WebSphere MQ
API. All such messages are consistent with both the WebSphere MQ and the Alliance Gateway syntax.
Applications can communicate with the Alliance Gateway MQ Host Adapter over different queue
managers. Alliance Gateway offers such platform independence for applications provided by the MQ Host
Adapter.
MT
A traditional message type for use on the SWIFT network.
Related information
Standards Releases (www.swift.com)
MTs
The portfolio of traditional 'tag:value' message types for use on the SWIFT network.
Related information
multi-vendor secure IP network (MV-SIPN)

The SWIFT architecture based on a network model that uses state-of-the-art security (secure IP network).
The multi-vendor secure IP network also improves resilience and capacity, while avoiding dependency on
a single network supplier.
MX
An XML message definition for use on the SWIFT network. SWIFT creates MX based on the ISO 20022
methodology.
MXs
The portfolio of XML message definitions for use on the SWIFT network.
Related information
myConfig
The tool that enables SWIFT customers to view their configuration, licence information, and SWIFTNet
service details. It also enables users to report planned maintenance on their systems. myConfig is free of
charge.
myConfig tool
17 December 2020 57
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Glossary
MyStandards
A collaborative web application that is used to manage standards definitions and industry usage in a more
efficient way. MyStandards enables users to reduce time, effort, and risk to manage and implement
standards. The MyStandards service also includes the MyStandards Usage Guideline Editor, an offline
application that makes it possible for users to define and maintain their own usage guidelines.
MyStandards is hosted and managed by SWIFT and accessible by everyone across the global financial
community.
myStandards application
Related information
MyStandards documentation
MyStandards Base Libraries

A coherent set of machine-readable standard definitions for standards implementers.
Related information
MyStandards (www.swift.com)
MyStandards documentation
MyStandards Readiness Portal

A Web application built on top of MyStandards that simplifies customer on-boarding and migration by
providing customer-facing standards testing capabilities. It provides a tailor-made experience to
customers, including an advanced message validation service and direct links to relevant documentation
in MyStandards.
Related information
MyStandards Readiness Portal documentation
mySWIFT
The one-stop portal that helps you manage your SWIFT products and services, keep track of your order
and invoices, and access online support. mySWIFT is tailored to your profile and shows a dynamic view
of the information linked to your personal account.
mySWIFT portal (login required)
mySWIFT portal (for users that do not have an account yet)
17 December 2020 58
SWIFT N
Glossary
N
NACK
The acronym that is used in communication protocols to acknowledge the rejection of a message input to
a service. An error code indicates the reason for the rejection.
NACK stands for negative acknowledgement.
See also NAK
NAK
The acronym that is used in communication protocols to acknowledge the rejection of a message input to
a messaging service. An error code indicates the reason for the rejection.
NAK stands for negative acknowledgement.
See also NACK
Name Screening
Name Screening is a SWIFT-hosted service that combines a web-based screening application, automatic
list updates, and an alert management service. Name Screening can be used in two modes:
• Online screening for real-time online screening of single names. Name Screening supports effective
sanctions compliance by enabling customers to efficiently screen single names of their own customers
and suppliers against sanctions, PEP, or private lists
• Batch screening to screen the names uploaded against the updates of the sanctions and PEP,
adverse media, or private lists on a daily basis
Related information
Name Screening (www.swift.com)
Name Screening documentation
naming and addressing

Naming assigns an identity to an entity (for example, an institution, an individual, or an application) that
sends or receives SWIFTNet messages. Addressing links the identity (the name) with a means of routing
(the address).
Related information
SWIFTNet Naming and Addressing Guide
naming tree
See PKI tree.
National ID History File

The file that contains National ID (also known as bank sort codes) and CHIPS codes that are currently not
published anymore.
National Member Group (NMG)

The National Member Group acts as the representative of the local community of shareholders towards
SWIFT. The National Member Group is a forum for discussions and is consulted from time to time by
17 December 2020 59
SWIFT N
Glossary
SWIFT or the Board of Directors on specific topics, including on local practices and regulations that may
have an impact on the SWIFT community. It has an advisory role on policy and strategic issues that are
addressed at Board level and that could affect shareholders.
Related information
National Member and User Groups (www.swift.com)
National User Group

The National User Group consists of SWIFT users within the same nation that organise themselves to
discuss SWIFT matters of an operational nature. They develop a forum that facilitates collective planning
and coordination of their operational activities such as an implementation schedule for the migration of
SWIFT services and products, standards releases, local training and other matters of an operational and
technical nature.
Related information
National Member and User Groups (www.swift.com)
SWIFT Corporate Rules
Netscreen Redundancy Protocol (NSRP)

A proprietary protocol that selected Netscreen and Juniper devices support to provide high-availability
services.
network boundary
The logical boundary within which only the secure IP network core and Point of Presence elements
reside.
next hop
An intermediate connection in a string of connections that links two network devices. The next hop is the
first device in the path from the VPN box to the SWIFTNet Link.
non-connected BIC
The BIC of an organisation that is not connected to the SWIFT network.
non-delivery warning
A system message that warns that the message or file for which delivery monitoring has been requested
was not delivered within the period specified for that message or that file.
non-repudiation
The fact that an action cannot be denied after a given event.
non-shareholding member (MEWS)

An organisation that qualifies as a SWIFT shareholder but, to the extent permitted under SWIFT By-Laws
and Corporate Rules, has not acquired SWIFT shares.
17 December 2020 60
SWIFT N
Glossary
non-supervised entity active in the financial industry

(NOSU)
A legal entity that engages as main activity in financial services. It is not subject to supervision by a
financial market regulator. The eligibility criteria are detailed in the SWIFT Corporate Rules.
non-SWIFT BIC
See non-connected BIC.
17 December 2020 61
SWIFT O
Glossary
O
o
The character that is used to identify the organisation in the Distinguished Name.
Observer Analytics for SWIFT gpi

An online analysis product that provides an aggregated overview of customers' gpi traffic at monthly level.
gpi customers can use this product to analyse and benchmark gpi payments through a set of visual
dashboards and report editors. On top of what is available in Observer Insights, Observer Analytics
measures the gpi customers’ compliance with the SWIFT gpi Rulebook for Mandatory Services.
Customers can gain insights on business opportunities by analysing end-to-end payment routes of
transactions that use the same UETR (unique end-to-end transaction reference), understand gpi market
practices, track their gpi adoption, know the speed of specific routings and benchmark all these insights
against the gpi community.
Related information
gpi Observer Analytics
Observer Insights for SWIFT gpi

The dashboard that gives access to historical information, trends, and level of compliance with selected
business rules from the SWIFT gpi Rulebook for Mandatory Services based on aggregated gpi data, as
well as to UETRs for targeted flows.
Related information
gpi Observer Insights (www.swift.com)
obsolescence period
The period of time, expressed in units of 5 minutes, after which, if a FIN message remains not delivered,
a Delayed Message trailer is generated and added to the message when it is delivered. If a non-delivery
warning has been requested, it is also generated and sent at the expiry of the obsolescence period.
onboarding
The process to join SWIFT.
Related information
Join SWIFT page (www.swift.com)
online customer services

The SWIFT service that provides customers with answers to technical questions and guidance to resolve
problems in a quick and secure way. Online customer services consist of Support (knowledge articles,
documentation, Download Centre, dropbox, leased line usage report, Release Timeline, case manager,
myConfig, and operational status), secure channel, ordering and billing, and information services (BIC
Portal, User Handbook Online, Watch). Access to these services is subject to registration by the
customer.
17 December 2020 62
SWIFT O
Glossary
open account
The payment method by which the seller ships goods and waits for payment. Open account represents
the highest risk for the seller and the lowest risk for the buyer. It is the most common way for buyers and
sellers to do business in international trade today (approximately 80 percent of the market).
operating centre (OPC)

The site from which SWIFT operates and controls its systems. SWIFT has several operating centres
throughout the world.
ou
The characters that are used to identify the organisational unit in the Distinguished Name.
Output Application Sequence Number (OASN)

The Input Application Sequence Number and the OASN are application sequence numbers that a
network interface uses solely to track messages sent to an application for processing, and output
messages received from an application to be sent to the network. As output messages are sent to a
network interface, they are assigned an OASN by the transmitting application. The OASN is a running
sequence that is unique to the application. During recovery, the network interface passes the OASN to
the application as an indication of the last output message received by the network interface from the
application. The important thing to note is that the IASN and OASN are two unique numbers; there is not
a one-to-one correspondence of IASN to OASN. One input message can result in more than one output
message.
output message
Any message that a FIN user receives from the FIN messaging service, or from another user by means of
the FIN messaging service.
Output Protocol Sequence Number (OPSN)

The Input Protocol Sequence Number and the OPSN refer to sequence numbers that a network interface
uses to keep track of messages that pass between two applications. The transmitting network interface
assigns the OPSN. It is important to note that the OPSN that is assigned by the transmitting application is
validated at the receiving end, where it is called an IPSN. The OPSN consists of source and destination
application, and node and sequence number.
Output Regional Processor

The primary logical node that establishes a session with the FIN receiver, and handles all output message
queuing.
See also Regional Processor and Input Regional Processor.
output sequence number (OSN)

A sequential 6-digit number that the FIN service assigns on each attempt to deliver a FIN output
message.
output time
The local time for the intended recipient of a message when a FIN message is output.
17 December 2020 63
SWIFT O
Glossary
output window
See window.
over-the-counter derivatives (OTC Derivatives)

Derivatives are instruments with a value that depends on the performance of an underlying security or
asset. Over-the-counter derivatives are traded in some context other than on a formal exchange. This
indicates that the ability to exercise the contract is dependent on the ability of the other party to meet the
obligation.
17 December 2020 64
SWIFT P
Glossary
P
Paper BIC Directory
A printed version of the BIC Directory. The Paper BIC Directory lists the BICs that SWIFT has registered
according to the ISO 9362 standard (listed by country and in alphabetical order) and participants to
market infrastructures (classified by country and by market infrastructure). It also contains SWIFT
operational country information (for example, payment instruction cut-off time). SWIFT issues the Paper
BIC Directory on a quarterly basis.
Related information
BIC Directory documentation
partial copy service

A mode in which the SWIFTNet copying service only copies certain pre-defined fields of a message.
partner identifier code (PIC)

A code that identifies a SWIFT registered provider. The partner identifier code is equivalent to the BIC.
Partner Programme
See SWIFT Partner programme.
party prefix
The element that, together with the country code and the party suffix, identifies a business party within a
country. The party prefix consists of four alphanumeric characters.
The ISO 9362 standards defines the business party prefix as 4 alphanumeric characters. The registration
authority has defined a more restrictive implementation of 4 alphabetic contiguous characters.
party suffix
The element that, together with the party prefix and the country code, identifies a business party within a
country. The party suffix consists of two alphanumeric characters.
payload
The part of an InterAct request or response that contains the business content of the request or response.
Payment Controls
A centralised SWIFT service that enables subscribing customers to screen their payment instructions
safely, in-network, before delivery, to detect illicit or unusual message flows. Customers define their own
monitoring policy, controlling parameters to enable timely detection and prevention of out-of-policy or
uncharacteristic and therefore potentially high-risk transfer requests.
payment in advance
The payment method by which the buyer pays the seller before the shipment of the goods. This
represents the lowest risk for the seller and the highest risk for the buyer. Payment in advance is rare.
17 December 2020 65
SWIFT P
Glossary
Payment Pre-Validation
The initiative that aims to reduce friction and make cross-border payments faster by enabling banks and
corporates to validate payment information as soon as possible in the payment process. At the same time
it improves customer experience by offering guidance on how to prepare successful payments and
suggesting payment corrections.
Payments Clearing
The provision of SWIFT messaging solutions for both high-value and low-value clearing and settlement
systems worldwide. The solutions include secure messaging, connectivity, and common message
standards.
Payments Data Quality

Payments Data Quality is an advanced reporting and data analytics service that enables you to evaluate
the quality of originator and beneficiary information in your SWIFT payment messages. It enables you to
assess payments data quality across your global operations and with your correspondents, monitor
information required for compliance with FATF Recommendation 16, and investigate specific data quality
issues.
Related information
Payments Data Quality (www.swift.com)
Payments Data Quality documentation
Payments Market Practice Group (PMPG)

The Payments Market Practice Group has the following objectives: to take stock of payments market
practices across regions, to discuss, explain, and document market practice issues (including commercial
impact), to recommend market practices (covering end-to-end transactions), to propose best practice,
business responsibilities and rules, message flows, consistent implementation of ISO messaging
standards and exception definitions, to ensure publication of recommended practices, and to recommend
payments market practices in response to changing compliance requirements.
Related information
Payments Market Practice Group (www.swift.com)
Payments Plus
A SWIFTRef product containing the entire set of SWIFTRef directories. Payments Plus provides all the
external reference data required for global payments operations, and this in a single relational database,
for easy integration with customers' key systems. Payments Plus helps financial institutions and large
corporates to easily validate payment instructions and select the appropriate payments routing.
Related information
payments system participant (PSPA)

An institution authorised, by the Administrator of a Payment System to become a user in such Payment
System according to the access criteria of the Payment System The eligibility criteria are detailed in the
SWIFT Corporate Rules.
17 December 2020 66
SWIFT P
Glossary
PIN Entry Device (PED)

A handheld device that comprises a numeric keypad and an LCD screen. It is required to authenticate
certain administrative commands on the Hardware Security Module box. To do so, customers insert a
PED key in the PED and type the associated PIN code on the PED keypad.
PKI client
The software that a customer requires to access the Public Key Infrastructure services and that is
embedded in SWIFTNet Link. The PKI client performs the signing, signature verification, encryption, and
decryption functions. The PKI client also manages the unique private key of the customer and its
certificates.
PKI cryptographic module

The software that is embedded in the customer's SWIFTNet Link. The PKI cryptographic module secures
messages and manages certificate. The PKI cryptographic module performs the signing, signature
verification, encryption, and decryption functions, and manages the unique private key of the customer
and its certificates.
PKI tree
The X.500-based data structure that enables the user to record information about any end points. PKI-
tree information can include names, certificate, and addresses. SWIFTNet Link uses the PKI tree to
retrieve correspondent certificates and Certificate Revocation List.
Point of Presence (PoP)

The access point that connects user with the SWIFT Network Partner's network.
point of service (POS)

In the area of remittances, a physical or a virtual location where a financial institution offers remittance
services to its customers. Physical locations are locations where cash can be handled and the physical
presence of the customer is required (for instance: bank branch tellers, automated teller machine, retail
cashiers). Virtual locations are locations where the remittance is processed through a remote channel and
the physical presence of the customer is not required (for example, e-mail ordering, phone banking,
internet banking, mobile banking).
Policy Management Authority (PMA)

The body that determines certification parameters and controls the quality of certification practices. In the
context of the SWIFTNet Certification Authority, SWIFT fulfils the role of the Policy Management
Authority.
Possible Duplicate Emission trailer (PDE trailer)

A trailer that the sender adds to a FIN message. The PDE trailer warns the receiver that the same
message may already have been input to the FIN service.
See also reconciliation of traffic.
Possible Duplicate Message trailer (PDM trailer)

A trailer that the FIN system adds to a FIN message. The PDM trailer warns the receiver that the same
message may already have been output by the FIN service.
17 December 2020 67
SWIFT P
Glossary
See also reconciliation of traffic.
Premium Custom Support package

The Premium Custom Support package includes all the features included in the Premium Plus support
package, and additional features that the customer may require. SWIFT works directly with the customer
to provide a programme that meets specific Support requirements.
Related information
Premium Plus Support package

SWIFT has designed the Premium Plus Support package for high-volume and highly resilient
infrastructures that require high availability and reliability. It provides high levels of proactive support and
personalised problem management and escalation.
Related information
Premium Service Update (PSU)

A monthly newsletter for all SWIFT Premium customers.
Premium Support package

SWIFT's first level of Advanced Support. SWIFT has designed Premium for medium-size customers that
operate business-critical infrastructures and must recover operations in the shortest possible time frames.
Related information
prime infrastructure
The infrastructure that is primarily used to connect to SWIFT for Live operations, under normal
circumstances. Typically, the database (configuration and messages) of the prime infrastructure is
replicated to the back-up infrastructure.
prime Regional Processor (prime RP)

The Regional Processor with which a FIN user is normally associated, and to which all normal Login
command are made. All output message are typically directed to the receiver's assigned prime regional
processor.
See also Input Regional Processor and Output Regional Processor.
private infrastructure
A direction to SWIFTNet, that is, where the SWIFTNet connectivity infrastructure is owned and operated
by the customer.
private key
The key of an asymmetric key pair that the owner keeps secret. The private key is mathematically related
to a unique public key. Within a Public Key Infrastructure, the owner uses the private key either for signing
or for decryption.
17 December 2020 68
SWIFT P
Glossary
processing rules
The rules or conventions that describe, in an unambiguous way, how to process data.
production environment
The environment that is used by customers to perform live SWIFT operations. It is typically composed of
a prime infrastructure, a back-up infrastructure, and a disaster recovery infrastructure.
provisioning
A set of activities that ensure that SWIFT updates the SWIFT target systems according to customer
requests.
Provisioning activities include data entry of the requests in SWIFT's databases, validation of this data,
and extraction and generation of provisioning commands to execute on the different SWIFT target
systems (for example, the multi-vendor secure IP network and FIN's General Purpose Application).
Proxy Voting
See .General Meeting
pseudo logical terminal (PLT)

A logical entity within the FIN system that receives system message from users and makes the
appropriate responses. Examples of such pseudo logical terminals are those entities that process
message retrieval requests and generate the daily check reports.
public key
The key of an asymmetric key pair that is published in a certificate and that relates mathematically to a
unique private key. Within a public key infrastructure, the public key verifies signatures and encrypts
business messages.
Public Key Infrastructure (PKI)

A security infrastructure, based on public key cryptography, that provides digital signatures and the
supporting certification services.
17 December 2020 69
SWIFT Q
Glossary
Q
quit
The command that closes a FIN session.
17 December 2020 70
SWIFT R
Glossary
R
Reach Plus
A SWIFTRef directory that financial institutions use to do the following:
• look up financial institutions' participation and reachability through domestic and international clearing
and settlement systems
• look up financial institutions' participation in SWIFTNet services and FIN services
• look up the intermediary institution for indirect participants
• decide on the payment routing options
real-time
A direct communication or messaging methodology that enables users to exchange traffic immediately
when both users are connected and operational at the same time. Examples include InterAct or FileAct
used in real-time mode.
See also interactive.
rebuild date
The date on which the information in the BIC Directory is updated and the update becomes effective on
the network.
reconciliation of traffic
The process by which a sender compares the FIN messages that it has sent with the acknowledgements
that it has received. Also the process by which a recipient checks received traffic for possible duplicates,
such as those indicated by Possible Duplicate Emission trailer or Possible Duplicate Message trailer. FIN
provides a number of reports that assist in this process, but the task remains the user's responsibility.
recovery (node recovery)

The process of recovering a system node.
Recovery Point Objective (RPO)

The maximum period during which data may be lost following a site outage. It is linked to the required off-
site back-up frequency.
Recovery Time Objective (RTO)

The maximum service unavailability time in case of a single site disruption. It includes lead time
(detection, escalation, decision) and internal system restoration time (also known as ISRT).
ISRT is SWIFT's internal system restoration time.
reference number
A unique identifier that, in combination with an authentication code, secures the communication channel
with the SWIFT SWIFTNet Public Key Infrastructure during the user certification process.
17 December 2020 71
SWIFT R
Glossary
Regional Processor (RP)

The node of the FIN system that communicates with a user's logical terminal. The Regional Processor is
primarily responsible for input message validation and output message queues for multiple destinations in
a particular country. Within the flow for a single message, the Input Regional Processor and the Output
Regional Processor may be the same node, depending on the location of the sender and the receiver. For
an individual user, the Input Regional Processor is always the same node as the Output Regional
Processor.
registered provider
See SWIFT registered provider
registered vendor
See SWIFT registered provider.
registration
The verification of a user's credentials that results in SWIFT's recognition of the user's right to access and
receive the subscribed services.
Relationship Management Application (RMA)

A filter that enables the user to limit the correspondents he can receive messages from and the type of
messages they can send to him. The use of the Relationship Management Application mechanism is
mandatory for the FIN and the FINplus services. It is available on an optional basis for SCORE FileAct
and Generic FileAct.
Related information
RMA and RMA Plus (www.swift.com)
RMA Service documentation
Release Timeline
The Release Timeline provides information for customers about the content of the releases and updates.
It includes planned or tentatively planned delivery dates, as well as out-of-support dates.
Release Timeline
release type
The classification of a release as a major release, a minor release, an update, or a security update.
You can find these releases in the Release Timeline
Related information
Remote Access
A service module included in all SWIFT Advanced Support and Care Service packages. With Remote
Access, SWIFT connects to your network area to help diagnose and troubleshoot SWIFT interface issues
and perform pre-planned activities.
Remote Access was previously known as Remote Support.
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SWIFT R
Glossary
Related information
Remote API for Alliance Gateway

Remote API is a companion product of Alliance Gateway that enables communication between an
application and Alliance Gateway. Remote API can be installed on the same machine as Alliance
Gateway or on a remote machine, enabling a SWIFTNet Link application to reside on a host machine
other than on the host where SWIFTNet Link is installed. Remote API enables existing SWIFTNet Link
applications to send transparently SWIFTNet Link messages, without having to re-compile or re-link. It
also enables applications to send administration primitives in different message formats. Similar to the
way that SWIFTNet Link applications communicate through a SWIFTNet Link instance, Remote API
applications communicate through a Remote API instance.
Related information
Alliance Gateway (www.swift.com)
Alliance Gateway documentation
Remote API Host Adapter (RAHA)

The Remote API Host Adapter supports applications and service-specific interfaces that emulate the
SWIFTNet Link application programming interface to communicate with Alliance Gateway. The Remote
API Host Adapter also supports applications that use the Alliance Gateway API to configure entities.
Remote Authentication Dial-In User Service (RADIUS)

An authentication and accounting system that is used to check, by means of a RADIUS server,whether
the username and the password are correct and authorise access.
Remote Management System (RMS)

The system that remotely manages the SWIFT footprint on customers' sites.
reporting options
The collective name for the user-specified criteria that generates the undelivered message report in the
FIN service.
requestor
The SWIFT user that sends a request through InterAct or FileAct.
requestor DN
The distinguished name of the sender of an InterAct message or a FileAct file.
resilience
The measure or ability of a business service, network, or system to remain available in the event of
stress, a disturbance, or a malfunction.
responder
The SWIFT user to which the requestor addresses a request that it sends through InterAct or FileAct.
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SWIFT R
Glossary
responder DN
The distinguished name of the receiver of an InterAct message or a FileAct file.
retrieval
A facility that enables a user to request and receive from FIN the history of a message. The user can
obtain the message history with or without the message text. The history includes information about the
sender, the sending time, and any delivery attempts.
right security officer (RSO)

A role that carries joint responsibility with a left security officer for the configuration and the management
of the security functions within Alliance.
Role-Based Access Control (RBAC)

An optional SWIFTNet facility that enables customers to control the access of end users and applications
to service functions. The service administrator defines the available user access profiles (roles) for use
with RBAC. After provisioning, the security officer within an institution can grant roles to end users and
applications.
SWIFTNet PKI Certificate Administration Guide
RT1
An infrastructure solution, provided by EBA CLEARING, for the processing of instant SEPA credit
transfers at a pan-European level. Since November 2017, financial institutions from all over Europe are
able to use RT1 for any payment product in euro that is fully compliant with the SCT Inst Scheme of the
European Payments Council (EPC) and in line with the ISO 20022 global messaging standards for real-
time payments.
Runtime for SWIFT Translator

A Java-based software component that is built with the SWIFT Translator Designer and deployed by the
customers within their own environment or within a SWIFT Interface. It provides a number of operations
allowing the customers to perform message format translation, validation, and enrichment.
Related information
17 December 2020 74
SWIFT S
Glossary
S
S.W.I.F.T. SC
Society for Worldwide Interbank Financial Telecommunication, Société Coopérative (co-operative
society).
See also SWIFT.
Related information
Discover SWIFT (www.swift.com)
safestore
The storage of messages on two separate storage devices within the FIN system. A stored message can
be retrieved for up to 124 days after it has been sent, but only by or on behalf of the sender or receiver of
the original message.
Sanctions List Distribution

A hosted solution that provides customers access to public sanctions lists issued by the various
authorities and that are standardised, cleansed, and enriched by SWIFT.
Related information
Sanctions List Distribution (www.swift.com)
Sanctions List Distribution documentation
Sanctions List Monitor

A free SWIFT service for member institutions that notifies them immediately by e-mail about changes to
specified sanctions lists.
Related information
Sanctions List Monitor (www.swift.com)
Sanctions Screening
A centralised SWIFT service that enables customers that have subscribed to the service to screen their
transactions against sanctions lists in real time.
Related information
Sanctiuons Screening (www.swift.com)
Sanctions Screening documentation
Sanctions Testing
A centralised SWIFT service that enables customers to test and tune their sanctions screening filters or
systems, through the automatic generation of test data and analysis of sanctions screening results. The
service ensures that test files are up-to-date by monitoring and recording changes to public sanctions lists
in real time. Subscribers download the test files as regularly as they want, and run them through their
sanctions filters. Test results generated by the sanctions filters are securely submitted to the central
service for analysis and interpretation.
17 December 2020 75
SWIFT S
Glossary
Related information
Sanctions Testing (www.swift.com)
Sanctions Testing documentation
Screening Utility portal

An application hosted in SWIFT’s secure infrastructure. It currently provides access to the Name
Screening and Payment Controls services. The Screening Utility portal enables customers to configure
these services, manage their end users, and manage the resulting alerts.
Secure Channel
SWIFT's central application for the management of security officer and business officer. Secure Channel
enables registered security and business officer to submit and manage security officer profiles, SWIFTNet
offline interventions, PKI delegation and authorisation setting changes, and FINCopy security-related
changes. Secure Channel allows Alliance security officer to view Alliance interface licence keys.
Related information
Secure Channel (www.swift.com)
Secure Channel documentation
secure code card (SCC)

The card that enables the security officer to submit SWIFTNet offline intervention requests through the
Secure Channel application. The secure code card, in combination with a username and password on
www.swift.com, provides a strong authentication mechanism.
secure IP network (SIPN)

SWIFT's worldwide, highly secure, and extremely reliable Virtual Private Network. SWIFT has based the
secure IP network on IP and related technologies. The secure IP network provides transport services
required by SWIFTNet services.
secure IP network backbone network

A SWIFT-managed, fully resilient, high-speed network that is based on IP and associated technologies.
The secure IP network backbone network interconnects the SWIFT operating centre and the backbone
access point.
secure login and select (SLS)

A SWIFT service that customers use to log in to the General Purpose Application and to select the FIN
service.
securities market data providers (SMDP)

An entity whose principle activity is to collect financial information required by financial institutions and to
distribute it as part of their services or products to financial institutions The eligibility criteria are detailed in
the SWIFT Corporate Rules
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securities market infrastructure system participants

(SSPA)
An institution that is the regulatory authority or the administrator of the securities market infrastructure
system. Alternatively, an institution that the regulatory authority or the administrator has authorised as a
user of the securities market infrastructure system according to the access criteria of the securities
market infrastructure system.
The securities system participant is permitted to use SWIFT for the sole purpose of its participation in the
securities-market infrastructure system.
Securities Market Practice Group (SMPG)

The global securities-industry initiative facilitated by SWIFT with the objective to define harmonised
market practices for the use of securities standards, using the ISO framework (ISO 15022 and ISO
20022). The ultimate goal of these practices is to ensure that transactions can be straight-through
processed end-to-end.
SMPG webiste
security end point (SEP)

The entity in the naming tree that has a Public Key Infrastructure certificate that enables cryptographic
operations and that authorises access to the SWIFTNet Link application programming interface and to
SWIFTNet.
security officer (SO)

The person that manages security matters for an institution. SWIFT initially registers two security officers
per institution.
See also shared security officer, left security officer, and right security officer.
Related information
SWIFT Corporate Rules
Select command
A General Purpose Application command that requests access to the FIN application. The logical terminal
issues the Select command command.
select sequence number (SSN)

A sequential 4-digit number that customers use within the FIN service as part of the Select command
authentication process.
select state
The current status of a FIN session. The select state indicates whether there is a session open for a given
logical terminal, and if so, whether the session is open for input, output, or both.
sender notification
A FINCopy service option in Y-Copy mode. The sender notification informs the sender of the status of the
FINCopy message when the central institution confirms that it has processed the message.
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SEPA Plus
A SWIFTRef product containing SEPA routing information, SEPA Credit Transfer,and SEPA Direct Debit
adherence. These files help to find the available SEPA payment channels for a beneficiary bank.
Related information
SEPA Plus documentation
server process
A server that processes requests coming through SWIFTNet. The server process implements a server-
application code. It can act as a client process against another server process while it handles an
incoming request.
See also client process.
service administrator
The organisation, other than SWIFT, that approves the participation of customer in Closed User Group.
The service administrator also defines the service parameters for the provision of the relevant SWIFT
services and products in the Closed User Group.
service administrator destination

A valid SWIFT eight-character BIC that SWIFT assigns to the service administrator. The service
administrator destination is used in digital signatures. The service administrator destination can be the
same as the primary server destination.
service administrator related participant (SARP)

A SWIFT user that belongs to the same financial institution as the service administrator. To be considered
as part of the same financial institution, SWIFT must register the service administrator related participant
and the service administrator as belonging to the same group of customers for traffic aggregation
purposes.
service agreement
An agreement between a service administrator and SWIFT. The service agreement defines the
administration by or for the service administrator of the Closed User Group for a specific SWIFTNet
service.
service bureau
A SWIFT user or non-user organisation registered under the Shared Infrastructure Programme that
provides services to connect SWIFT users that are not affiliated with such organisation.
See also Shared Infrastructure Programme.
service description
A SWIFT document that describes a SWIFT service or product. The service description describes the
rules, requirements, responsibilities, and operational parameters for the proper use of a SWIFT service or
product.
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Service Directory
The SWIFTRef directory helping financial institutions and corporates to look-up financial institutions'
participation in domestic and international payment and clearing systems.
Related information
Service Directory documentation
service identifier
A 2-digit code that identifies the type of data being input or output. The service identifier appears in the
basic header of a FIN message.
service name
The unique technical identifier of a Closed User Group.
service participant
A customer that the service administrator has admitted to participate in a Closed User Group-based
service.
Service Provider
A non-user organisation that provides shared connectivity services to users, including service bureaux,
shared connection providers, L2BA application providers, and group hubs.
service type identifier

A numeric code contained in field 111 of a FIN gpi message that identifies the gpi service against which
the gpi customer will be measured. For example, the service type identifier for the gpi customer credit
transfer service is 001.
session
In the context of FIN, the period between Login command and logout in the General Purpose Application,
and between Select command and quit in the FIN application. During a session, a logical terminal can
interact with FIN and a General Purpose Application.
session history
A retrievable summary of the activity in previous session for a BIC or destination. For example, a FIN
session history provides details about the date and time at which the customer has opened and closed
each session, the number of messages that the customer has sent and received, and the first and last
input sequence number and output sequence number in each session for a logical terminal or group of
logical terminals.
session number
A sequential 4-digit number that the FIN service uses to identify a particular session for a particular
application. The session number increments by 1 each time a new session is opened for that application.
shared connection
The connection that occurs whenever different users connect through the same connectivity equipment
so that the users can connect simultaneously.
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Shared Connection Provider (SCP)

A SWIFT user sharing its connection with SWIFT users that are not affiliated with such user in the context
of peer-to-peer arrangements.
shared infrastructure
An indirect connection to SWIFTNet. Users can do this through another SWIFT user (a shared
connection) or by outsourcing the day-to-day operation of the connection to a third party (that is, a service
bureau).
See also Shared Infrastructure Programme.
Shared Infrastructure Programme

The Shared Infrastructure Programme defines eligibility criteria and operational standards for third-party
service bureaux offering SWIFT connectivity - ensuring quality, security and reliability.
Related information
Shared Infrastructure Programme (www.swift.com)
Shared Infrastructure documentation
shared security officer (SSO)

A security officer that manages Local Registration Application and Role-Based Access Control activities
for multiple institutions (identified by different business party identifier). The shared security officer can
manage multiple sub-trees for different institutions.
Related information
shareholder
See SWIFT shareholder.
Shareholder Identification Disclosure

An InterAct store-and-forward solution on FINplus that relies on 5 ISO 20022 XML messages. These
messages support the complete flow of information exchange between an Issuer or a third party
nominated by an issuer and a chain of intermediaries (CSD, custodians, global custodians, asset
managers...) in order to report on the identity of the account holders / shareholders and on their holdings.
The Shareholder Identification Disclosure solution is compliant with the Shareholder Rights Directive II.
Related information
Sibos
The annual conference, exhibition, and networking event, that is organised by SWIFT. Sibos brings
SWIFT customers, SWIFT partners, solution providers, and SWIFT together to discuss critical issues.
Shareholders of the wider SWIFT community attend Sibos to be informed, to move the industry forward,
and perhaps most importantly, to expand business relationships and opportunities.
Originally, Sibos was the acronym for SWIFT international banking operations seminar. Nowadays,
Sibos is a recognised stand-alone term. The correct spelling is Sibos. It is neither SIBOS nor sibos.
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signer DN
The Distinguished Name of the owner of a Public Key Infrastructure certificate that signs a message.
Signer DNs apply only to InterAct and FileAct.
signing keys
The signing private key of the sender is used to sign the text; the signing public key of the sender is used
by the receiver to verify the signature. The signing-key pair may be the same as the encryption-key pair,
or can be different.
Single Euro Payments Area (SEPA)

The area in which all euro payments are considered domestic.
Single Shared Platform (SSP)

The infrastructure that Banca d'Italia, Banque de France, and Deutsche Bundesbank have developed for
TARGET2. The three banks operate the system on behalf of the Euro system. The single shared platform
offers a comprehensive set of mandatory and optional services and components, and is based on a
modular approach.
single window
Within the SWIFT environment, a concept that indicates the possibility to access multiple business
services by means of the same connection to the secure IP network and the messaging service.
Slice Processor (SP)

The processor within the FIN service that safestores and routes messages. Each Slice Processor owns
(that is, is in control of) a number of specific destination.
software
Software, materials, and documentation that SWIFT makes available to the customer for computer
programs in object-code form that the customer has ordered to access or use SWIFT services and
products.
solicited report
A report that the FIN service generates at the user's request.
sponsoring shareholder
A SWIFT shareholder that acts as the Member-Administered Closed User Group service administrator.
The SWIFT shareholder can also permit one of its sub-members to be the administrator.
SSI Plus Directory

A SWIFTRef directory that contains all correspondent bank BICs of financial institutions worldwide that
hold nostro accounts in foreign currencies at other institutions. The SSI Plus Directory provides the SSIs
both for retail and wholesale payments.
Related information
Standing Settlement Instructions (www.swift.com)
SSI Plus documentation
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Standards
See SWIFT Standards.
Standards release (SR)

The set of Standards changes that SWIFT introduces on a yearly basis.
Related information
Standards Releases (www.swift.com)
Standards Release Guide (SRG)

A SWIFT publication that contains the Standards changes that SWIFT will implement on the SWIFT
network as part of the next Standards release.
Standards Translation Rules

The Standards Translation Rules provide all the necessary information and rules to translate a particular
MT or MX source message to its equivalent MX or MT target message. They provide clear field-by-field
translation rules, including pre-conditional rules that aim to check the translatability of a message.
Standards Translation Rules are intended for business and systems analysts.
Related information
Standards Translation Rules for Corporate Actions documentation
Standards Translation Rules for Investment Funds documentation
Standards Translation Rules for Settlement and Reconciliation documentation
Standards Translation Rules for Payments (SWIFTSmart)
Standing Settlement Instructions (SSI)

A party’s default instructions for payments or settlements in a given currency (“Cash SSIs”) or the delivery
of securities (“Securities SSIs”).
SWIFT provides services related to Cash SSIs
Related information
Standing Settlement Instructions (www.swift.com)
STEP1
A euro payments, clearing, and settlement system, which EBA CLEARING manages within the EURO1
system. A STEP1 Participant settles with a EURO1 Bank, which in turn provides the STEP1 Participant
with the liquidity it requires in the system.
STEP2
A Pan-European Automated Clearing House processing mass payments in euro. The platform is one of
the key clearing and settlement mechanisms in the Single Euro Payments Area (SEPA), both in terms of
processing volumes and participating institutions. STEP2 supports the SCT, COR, B2B and SCC services
with settlement in TARGET2 through the Multilateral Netting Module (MNM) provided by SWIFT.
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store-and-forward (SnF)
A communication or messaging methodology that enables users to exchange traffic by means of a central
storage facility. Messages are held temporarily in the central storage facility until the recipient is able to
receive them. The correspondents need not be connected simultaneously to the central storage facility.
Examples include the FIN messaging service service and standard e-mail services.
sub-member (SUBM)
A subsidiary or branch of a SWIFT shareholder. Sub-members must be more than 50 percent directly, or
100 percent indirectly, owned by a shareholder, and must meet the criteria given in the second paragraph
of Article 9 of the SWIFT By-Laws. Only a shareholder may register a sub-member. A sub-member does
not own shares in SWIFT and does not have voting rights. A sub-member must fall under full
management control of a shareholder.
subset sharing
A facility that enables customers to manage the distribution of output messages across multiple logical
terminals (LTs).
supervised financial institution (SUPE)

A legal entity that engages in financial services under the supervision of a financial market regulator or an
international, supranational, or governmental institution involved in the financial industry. The eligibility
criteria are detailed in the SWIFT Corporate Rules.
supply chain finance

A category of solutions, processes, and technologies that banks and other financial services providers
have designed for use with supply chain processes. The objective is to optimise the working capital and
minimise the operational cost and risk associated with these processes.
Support
All SWIFT customers are entitled to SWIFT Community Support. The SWIFT Community Support
provides unlimited support by web, telephone, and various self-support tools or material. It includes three
kinds of Support which are further described in this service description: Self-service Support, Monitoring
and Reporting, and Assisted Support.
SWIFT customers can further enhance their level of service to offerings from Advanced Support and Care
Services portfolio for an additional fee. Advanced Support Services enable customers to benefit from
preventive and proactive activities provided by our global support centres and service management team.
Care Services are intended for customers that require further support and operational assistance from
SWIFT for specific tasks related to their SWIFT environment.
Related information
Support page (Knowledge Centre)
SWIFT Community Support Service Description
SWIFT
The trading name of S.W.I.F.T. SC and other entities of the SWIFT group. SWIFT is a trademark of
S.W.I.F.T. SC.
See also S.W.I.F.T. SC.
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SWIFT's Solution for ESMIG

The solution that provides access over the SWIFT network to the TARGET services reachable through
ESMIG, such as TARGET2, TARGET2-Securities, and TARGET Instant Payments (TIPS).
SWIFT CLS Third Party Service (CLS TPS)

The solution that a CLS member, acting as CLS Third Party Provider, can use to obtain real-time
validated and optionally authenticated copies of the MTs 300 sent by their customer (a CLS Third Party),
to confirm the FX transactions that are to be settled on CLS, through this CLS Third Party Provider.
Related information
SWIFT CLS Third Party Service - Service Description
SWIFT Value-added Services for T2S

A set of optional SWIFT components or services providing added value to T2S DiCoAs (Directly
Connected T2S Actors).
SWIFT address
For FIN addressing purposes, a 12-character code that is made up of an 11-character BIC plus an
additional character, known as the logical terminal code.
Related information
FIN documentation
SWIFT Advanced Support and Care Services

SWIFT Advanced Support (for customers aiming to benefit from preventive and proactive assistance by
our global support centres) and Care (for customers aiming to benefit from hands-on help from SWIFT for
specific tasks related to their SWIFT environment) Services provide an extended range of solutions for
customers seeking value propositions in addition to the SWIFT Community Support.
Related information
SWIFT broadcast
A FIN message that SWIFT sends to all destination, or to a specified set of destinations. SWIFT sends a
broadcast message either at the request of a user, or on its own initiative.
Related information
FIN Operations Guide
SWIFT Business Partner

An extension of SWIFT, selected by regional teams to promote and sell a broad set of SWIFT products
and services. Business Partners provide tailored, expert commercial support to clearly identified customer
groups in targeted markets.
Related information
Our Business Partners (www.swift.com)
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SWIFT By-Laws
The SWIFT By-laws define the object and co-operative finality of the company and set out the rules about
inter alia the admission of shareholders, shareholding, election and functioning of the Board of Directors,
and the holding of the General Meeting.
Related information
SWIFT by-laws document
SWIFT Certificate Centre

A portal to the SWIFTNet PKI Certification Authority that enables end users to manage PKI certificates.
For example, an end user may access the portal to activate a token or renew a PKI certificate.
Related information
SWIFT Certificate Centre (www.swift.com)
SWIFT Certificate Centre documentation
SWIFT Certification and Compatibility programmes

SWIFT acknowledges specific business applications, messaging or connectivity interfaces, and
technology specialists for their capability to serve SWIFT customers. The SWIFT Certified or Compatible
relationship includes formal recognition of a component or individual's compliance with, and validation of
certification or compatibility prerequisites, and are subsequently entitled to publication by SWIFT.
Providers of SWIFT Compatible Application solutions receive a label to use in association with the
compatible application. The programme covers the following categories: the SWIFT Compatible
Application programme, the SWIFT Certified Specialist programme, and the SWIFT Compatible Interface
programme.
Related information
The SWIFT Partner Programme (www.swift.com)
SWIFT Certified Specialist

In the scope of the SWIFT Certified Specialist programme, an individual who has successfully
demonstrated his/her knowledge and understanding of certain SWIFT services and products, and who
exhibits proficiency within a specific area of expertise and his/her ability to perform services directed at
supporting the SWIFT user community.
Related information
SWIFT Certified Specialists (www.swift.com)
SWIFT Certified Specialist programme

The Programme, part of the SWIFT Partner programme, that helps ensure that individuals who promote
their services to SWIFT users meet the following requirements: demonstrate their knowledge and
understanding of certain SWIFT services and products and exhibit their proficiency within a specific area
of expertise and their ability to perform services directed at supporting the SWIFT user community.
SWIFT Certified Specialists offer customers local accredited technical assistance with SWIFT-related
knowledge.
Related information
SWIFT Certified Specialists (www.swift.com)
SWIFT Certified Specialist documentation
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SWIFT character set

The set of permissible characters for use in MTs. The list is available in Standards MT General
Information.
SWIFT code
See BIC.
SWIFT Community Support

The support service level that SWIFT provides free of charge to all SWIFT customers
SWIFT Community Support provides unlimited support by web, telephone, and various self-support tools
or material. It includes the following three kinds of Support: Self-service Support, Monitoring and
Reporting, and Assisted Support.
Related information
SWIFT Community Support Service Description
SWIFT Compatible Application programme

The programme, part of the SWIFT Partner programme, that validates the compatibility of selected third-
party back-office applications to ensure that they meet well-defined requirements around SWIFT
standards, messaging, and connectivity. SWIFT provides compatibility validations per specific market
segment, including payments, trade, securities, and corporate. Each label category addresses a clear and
specific set of SWIFT-related criteria. Compatibility requirements validate the capability of a product to
provide automation in a SWIFT environment. They are re-evaluated each year to ensure alignment with
evolving customer needs.
Related information
SWIFT Compatible Applications (www.swift.com)
SWIFT Compatible Application Programme documentation
SWIFT Compatible Interface programme

The programme that is aimed at partners and customers that develop SWIFT interfaces. The programme
ensures that the messaging or communication interface products meet SWIFT's requirements (correct
adherence to protocols, implementation of mandatory features compliance with security requirements)
and guarantees interoperability between messaging interfaces.
The SWIFT Compatible Interface programme covers different messaging protocols, such as FIN, RMA,
InterAct store-and-forward, FileAct store-and-forward, FileAct real-time and connectivity, as detailed in the
SWIFTNet Interface Vendor Specifications.
To be SWIFT compatible, an interface provider must pass stringent integration testing and meet the
conformance requirements defined by SWIFT. To ensure operability and business continuity, customers
must connect to SWIFT through a compatible messaging interface.
The SWIFT Compatible Interface programme also requires compliance of the vendor interface with a set
of mandatory and advisory security requirements, derived from the Customer Security Programme
SWIFT Customer Security Controls Framework Detailed Description.
Related information
SWIFT Compatible Interface Programme Overview
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SWIFT contractual documentation

The electronic or paper-based form or contract (typically, an electronic order or subscription form)
executed by a customer for or in connection with the provision or use of SWIFT services and products,
including the applicable terms and conditions, SWIFT policies, service description(s), and any other
documents included by reference therein.
SWIFT cooperative finality

The cooperative finality of S.W.I.F.T. SC is to satisfy the needs of its global community of shareholders
who are also its customers by enabling them, as well as its other customers, to communicate securely
and in a reliable way through a standardized, unique and secure worldwide global system with a view to
develop their economic activities.
Documentation: SWIFT By-laws
SWIFT Crisis Co-ordination and Communication (SC3)

The mission of the SWIFT Crisis Co-ordination and Communication group is to promote operational order
in the financial community in the extreme event of a total or partial SWIFT outage. The group comprises a
dozen senior representatives from the financial industry (both key central banks and commercial
institutions) and senior SWIFT staff.
During a major crisis, the SWIFT Crisis Co-ordination and Communication group facilitates a two-way
communication with existing crisis management structures of key financial markets. The group has a
clear operational focus and it is not its intention to interfere with financial policy-related activities.
The SWIFT Crisis Co-ordination and Communication group does not have the responsibility to manage a
crisis at SWIFT (this is the responsibility of SWIFT).
SWIFT customer
A SWIFT user, service bureau, Alliance Lite2 for Business Applications (L2BA) application provider,
Group Hub, SWIFT registered provider, or another customer, in each case as and to the extent expressly
permitted to use the relevant SWIFT services and products in the SWIFT contractual documentation.
SWIFT Customer Certification Programme for Staff

The SWIFT customer certification programme for staff enables managers to validate and benchmark their
employees' skills, and help in the recruiting process. SWIFT Certified Experts demonstrate their
knowledge, skills, and experience by correctly completing product and service specific exams. The
programme is built on transparency, integrity, recognition, and validity.
Related information
SWIFT certification
SWIFT for Corporates (SCORE)

Standardised Corporate Environment enables corporates to use SWIFT's single, secure, and reliable
messaging platform to access the services that their financial institutions can provide (for example, cash
management services). Standardised Corporate Environment is based on a Closed User Group that
caters for financial messaging between corporates and financial institutions. Once registered to use
Standardised Corporate Environment, a financial institution can interact with any corporate that is also
registered in the Closed User Group. Conversely, a corporate registered in the Closed User Group can
interact with any financial institution that is a member of Standardised Corporate Environment.
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Related information
SWIFT for Corporates
SWIFT for Corporates documentation
SWIFT General Terms and Conditions

The document that constitutes the main set of SWIFT terms and conditions. They apply each time the
electronic or paper-based form or contract (typically, an electronic order or subscription form) executed by
a customer for or in connection with the provision or use of SWIFT services and products, refers to the
SWIFT General Terms and Conditions. They govern the provision and use of most SWIFT services and
products, such as messaging services, solutions, PKI, software, or other connectivity elements.
SWIFT General Terms and Conditions
SWIFT gpi
A solution that improves the customer experience with cross-border payments by increasing their speed,
transparency, and traceability. gpi customers agree to respect service-specific business rules and
technical requirements captured in rulebooks. The rules for the mandatory gpi services are described in
the SWIFT gpi Rulebook for Mandatory Services which includes Customer Credit Transfers, Cover
payments, and Stop and Recall. Separate rulebooks are also available for optional gpi services. The
SWIFT gpi product suite comprises three components, the Tracker for SWIFT gpi, the Observer Insights
for SWIFT gpi, and the Directory for SWIFT gpi.
Related information
SWIFT gpi (www.swift.com
SWIFT gpî documentation
SWIFT gpi Contractual Documentation

The form executed by a gpi customer with SWIFT to order or subscribe to SWIFT gpi Services and
Products, and any other documents included by reference that set out the terms and conditions governing
the provision and use of the SWIFT gpi Services or Products, as amended or supplemented from time to
time in accordance with their terms. In addition to the relevant order forms, the SWIFT gpi Contractual
Documentation comprises in particular the SWIFT gpi Terms and Conditions, the SWIFT gpi Service
Description, the SWIFT gpi Rulebook for Mandatory Services, and, as appropriate, additional rulebooks
for optional services.
SWIFT gpi Cover Payments (gCOV)

A service part of the gpi Customer Credit Transfer service that aims at increasing the timely processing of
gpi Customer Credit Transfer payment messages when there is no direct account relationship between
the sender and the receiver. The service provides status updates and end-to-end tracking for MT 202 and
MT 205 COV (and the relevant non-FIN alternatives) that are sent with a unique end-to-end transaction
reference (UETR) and service type identifier '001'.
SWIFT gpi customer

One of the financial institutions involved in a gpi Customer Credit Transfer or a gpi Cover Payments
transaction and subscribed to gpi.
SWIFT gpi Rulebook for Mandatory Services (gCCT)

The first rulebook implemented as part of the gpi initiative.
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Related information
SWIFT gpi (www.swift.com
SWIFT gpi Rulebook for Mandatory Services
SWIFT gpi Financial Institution Transfer service (gFIT)

The gpi Financial Institution Transfer service v1 is an optional service that enables financial institutions to
track and trace the progress for both incoming and outgoing FIN legs of institutional transactions sent
over SWIFT. This enables participants to monitor their settlement and counterparty exposure. As from
November 2020, v2 of the service will be based on a full rulebook including banks confirmations
extending the visibility to non FIN payments legs as well to payment’s finality. This will provide participants
with the necessary information to more accurately and timely forecast and manage their intraday liquidity
SWIFT gpi for Corporates (g4C)

The optional gpi service aimed at providing a single gpi experience for multi-banked automated
corporates and financial institutions through a common approach, based on business rules and technical
requirements common to all customers. The gpi for corporates portfolio contains two services: Pay and
Trace (live since June 2019) and Inbound Tracking (expected in Q3 2020).
SWIFT gpi Instant Payments (gCCT Inst)

With instant processing of cross border payments over extended operating hours, gpi Instant Payments
offer end customers (such as corporate treasurers) the ability to pay and get paid in real time, which
results in optimised working capital and liquidity management.
For banks, this service offers the possibility to provide an improved service for (low) value cross-border
payments and restore traffic lost to competing solution providers.
gpi Instant is available to all gpi members as an opt-in.
SWIFT gpi Services and Products

The SWIFT gpi Services and Products include the SWIFT gpi service itself, the business rules and
technical specifications as set out in the SWIFT gpi Rulebook for Mandatory Services, the Directory for
SWIFT gpi, the Tracker for SWIFT gpi, and the SWIFT gpi Observer Insights as further defined in the
SWIFT gpi Service Description, and optional SWIFT gpi products and services such as SWIFT gpi for
Corporates.
SWIFT gpi Stop and Recall (gSRP)

A service that is part of the SWIFT gpi Customer Credit Transfer service. It aims at efficiently stopping a
payment regardless of where it is in the gpi payment chain, in case of fraud or error. Where applicable,
the Recall request is sent to the bank processing the gpi Customer Credit Transfer and in case of an
active gpi Customer Credit Transfer, the transaction's unique end-to-end transaction reference (UETR) is
added to a network cancellation list to prevent the forwarding of gpi Customer Credit Transfer payments.
See also SWIFT gpi Rulebook for Mandatory Services
SWIFT group
S.W.I.F.T. SC, its branches, and majority-owned subsidiaries worldwide.
See also SWIFT.
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SWIFT Index
A set of several fact-based indexes based on payments volume.
The name SWIFT Index also applies to the methodology that SWIFT uses to derive Gross Domestic
Product (GDP) growth estimates from the fact-based indexes. With the SWIFT Index data series,
customers also receive an early indication of the short-term evolution of the GDP for a country or a group
of countries.
Related information
Business Intelligence (www.swift.com)
SWIFT Index documentation
SWIFT Integration Layer (SIL)

A part of the SWIFT's interfaces portfolio. An integration framework, based on open technologies, that
provides means of integrating customers formats and business flows with SWIFT messaging services. It
can be used in various configurations: behind SWIFT’ main interface products (Alliance Messaging Hub
and Alliance Access), for direct message exchange with SWIFT’s Cloud Platform, for supporting stand-
alone versions of SWIFT’s vertical connectors like Connector for SWIFT gpi, or for providing Message
Transformation services for non-SWIFT Interfaces (for SWIFT traffic only).
Related information
SWIFT Integration Layer (www.swift.com)
SWIFT Integration Layer documentation
SWIFT interface
A computer system that communicates with the SWIFT network. The SWIFT user provides and operates
the SWIFT interface.
SWIFT ISAC
A web platform that contains information related to cyber threats potentially impacting SWIFT customers.
This Information Sharing and Analysis Centre includes bulletins with detailed Indicators of Compromise in
HTML, PDF and, where appropriate, machine-digestible formats. All registered users on swift.com can
request access to the SWIFT ISAC.
ISAC platform
Related information
Customer Security Programme (www.swift.com)
SWIFT ISAC Frequently Asked Questions
SWIFT Network Partner

An independent network provider that SWIFT selects to provide an IP Virtual Private Network service
offering to SWIFT customers. The service offering relates to technical and performance requirements that
the SWIFT Network Partner has agreed with SWIFT.
SWIFT Offline Message Accountability (SOMA)

The software that reconciles message input to the system and message output to the users offline to
detect any fault in the online message switching system. SWIFT Offline Message Accountability takes
place at the end of each day.
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SWIFT Partner programme

A global framework that provides technology companies and related institutions access to SWIFT
services and products, alongside information resources to execute on certifications, to collaborate and to
better address the SWIFT community priorities
Related information
The SWIFT Partner Programme (www.swift.com)
SWIFT Partner Programme Terms and Conditions
SWIFT Professional Services (Consulting, Training, and

(Advanced) Support and Care Services)
SWIFT Professional Services provide you with direct access to SWIFT experts who can help you optimise
your business processes, identify best-practice enhancements for your SWIFT infrastructure, speed up
your SWIFT integration projects, and reduce your total cost of ownership.
SWIFT’s services can be applied at any point in a customer’s journey. These specialist services are
based upon a mix of consulting, training and (advanced) support and care services, and can be tailored to
each clients’ needs. Whether for advice, adoption, integration, maintenance or guidance on key industry
challenges. SWIFT experts’ unique expertise and knowledge is leveraged to deliver the highest quality of
service and help our customers accelerate their journey to operational excellence.
Related information
SWIFT Services (www.swift.com)
SWIFT registered provider

A company registered under the SWIFT Partner programme that has initiated a relationship with SWIFT,
and which grants basic entitlements to SWIFT information and services. The status of registered provider
is the pre-requisite to access any other relationship model with SWIFT under the SWIFT Partner
Programme.
SWIFT Scope
The SWIFT Scope solution comprises a number of products built on the same principles but serving
distinct business goals. The products are SWIFT Scope for Central Banks (CB) and SWIFT Scope for
Intraday Liquidity Reporting (ILR).
Related information
SWIFT Scope (www.swift.com)
SWIFT Scope Service Description
SWIFT Scope for Central Banks (CB)

A solution aiming at decreasing the cost of regulatory reporting for commercial banks while enabling
central banks to stay up-to-date with economic developments in their country. The standard solution
focuses on analysis of cross-border FIN payments (MT 103 and MT 202). Additional modules can be
purchased to extend the scope of data.
See also SWIFT Scope.
Related information
SWIFT Scope for Central Banks (www.swift.com)
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SWIFT Scope documentation
SWIFT Scope for Intraday Liquidity Reporting (ILR)

The solution that is aimed at financial institutions facing the challenge of compliance with intra-day
liquidity reporting requirements. Its purpose is to provide customers with an effective way of monitoring
intra-day liquidity and to shield them from the complexity of calculating intraday liquidity metrics (referred
to as intraday liquidity monitoring tools in BCBS 248 Paper) across accounts, currencies and jurisdictions.
See also SWIFT Scope.
Related information
SWIFT Scope for Intraday Liquidity Reporting (www.swift.com)
SWIFT Scope documentation
SWIFT Secure Signature Key

See 3SKey.
SWIFT services and products

The SWIFT service(s) or product(s) concerned, as described in detail in the relevant Service
Description(s) and other relevant SWIFT contractual documentation.
SWIFT Solution for TARGET Instant Payment Settlement

(SWIFT Solution for TIPS)
The solution offered by SWIFT to a TARGET Instant Payment Settlement (TIPS) participant to access the
TIPS platform. This solution is designed to comply with the TIPS requirements as specified by the TIPS
operator.
SWIFT shareholder
A SWIFT user that holds one or more shares in S.W.I.F.T. SC. Shareholders include banks, eligible
supervised securities broker-dealers, and investment-management institutions. The SWIFT shareholder
eligibility criteria are detailed in the SWIFT By-Laws and the SWIFT Corporate Rules.
SWIFT Standards
The collective name for message standards products, tools, and services that SWIFT delivers to the
SWIFT community.
SWIFT traffic aggregation hierarchy

SWIFT users part of the same corporate group registered for the purposes of SWIFT traffic aggregation.
Related information
Price List for SWIFT Messaging and Solutions
SWIFT Translator
A messaging format translation solution which enables customers to define, validate, and translate from
and to any messaging format.
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Glossary
Related information
SWIFT Translator (www.swift.com)
SWIFT undertaking
A document that each applicant SWIFT user completes and signs to become a SWIFT user. The SWIFT
user application and status are governed by the SWIFT By-Laws and the SWIFT Corporate Rules.
SWIFT user
An organisation that SWIFT has admitted under the Corporate Rules as a duly authorised user of SWIFT
services and products. The eligibility criteria to become a SWIFT user are set out in the SWIFT Corporate
Rules.
Related information
Join SWIFT page (www.swift.com)
SWIFT WebAccess
SWIFT WebAccess is designed to enable secure, browser-based access from an end user who uses a
standard browser, to a service provider's web server over SWIFT. WebAccess is only for person-to-
application use. It is meant for use in the context of HTML-based interfaces. WebAccess provides strong
user authentication to the service provider's application. It also supports the use of non-repudiated
transactions (security-sensitive exchanges) when used by the service provider.
Related information
SWIFT WebAcess (www.swift.com)
SWIFT WebAccess documentation
SWIFTNet
The SWIFT, advanced IP-based messaging platform. SWIFTNet comprises services and products that
enable customers to communicate mission-critical financial information and transactional data securely
and reliably.
Related information
SWIFTNet documentation
SWIFTNet central systems

Systems that provide the messaging service, or are used for data storage, administrative services, or
service-management functions. SWIFTNet central systems are located in the SWIFT operating centre.
SWIFTNet Certification Authority (CA)

A SWIFT central system that produces and publishes digital certificate.
SWIFTNet Directory (SND)

A centralised X.500 directory of entities that stores the certificates and Certificate Revocation Lists that
the SWIFTNet Certification Authority issues. The SWIFTNet Directory identifies an entity by its
Distinguished Name (DN). The entities are available to security officers who use the Local Registration
Application through the SWIFTNet Online Operations Manager to manage them. The certificates and
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SWIFT S
Glossary
Certificate Revocation Lists are available to the customer's SWIFTNet interface (for example, Alliance
Gateway).
SWIFTNet Instant
The messaging service that is designed to support instant messaging, that is message exchanges with
low latency, 24x7 availability, in a fire-and-forget (at most once) delivery mode, with notification and
technical acknowledgement options.
SWIFTNet Link (SNL)

A SWIFT software product to access and use the SWIFTNet messaging services, FIN, InterAct, FileAct,
and SWIFT WebAccess. SWIFTNet Link embeds the SWIFTNet Public Key Infrastructure software.
Related information
SWIFTNet Link (www.swift.com)
SWIFTNet Link documentation
SWIFTNet Link alternative routing (SNL alternative routing)

A SWIFTNet Link licence option that enables a SWIFTNet Link instance (SWIFTNet Link ID) to use an
alternative managed customer-premises equipment to access SWIFTNet.
SWIFTNet Link certificate (SNL certificate)

The certificate that enables SWIFT to authenticate the customer's SWIFTNet Link systems. The system
creates the SWIFTNet Link instance certificate during SWIFTNet Link installation.
SWIFTNet Link heartbeat (SNL heartbeat)

An InterAct message that SWIFTNet Link instances that are configured for permanent connections
regularly send out. SWIFT has designed the heartbeat process to identify quickly any TCP/IP sessions
that network devices drop. The SWIFTNet Link heartbeat contains the output of the SWIFTNet Link
command swiftnet status.
SWIFTNet Link ID (SNL ID)

The SWIFTNet Link identification code.
SWIFTNet Link-VPN connection (SNL-VPN connection)

The connection between the SWIFTNet Link host and the VPN box (managed customer-premises
equipment). The SWIFTNet Link -VPN connection is under the sole responsibility of the user, which must
secure and protect it.
SWIFTNet mandatory products

The products required for access to, and use of, the messaging service. The mandatory products are
SWIFTNet Link, SWIFTNet Public Key Infrastructure, the Relationship Management Application, and the
Hardware Security Module.
SWIFTNet offline intervention

The means by which security officer perform offline administration of their institution's data. Security
officers submit a SWIFTNet offline intervention request to SWIFT, either through the SWIFT Secure
Channel, or by phone, fax, or e-mail. This is known as offline administration because the security officers
17 December 2020 94
SWIFT S
Glossary
do not communicate directly with the SWIFTNet Registration Authority but with SWIFT (for example, if the
security officers' activation secrets have expired).
SWIFTNet Online Operations Manager

An application that enables security officers to manage their SWIFTNet PKI certificates and delegate
Role-Based Access Control roles through a SWIFT-managed SWIFT WebAccess service. It also provides
functionality for SWIFTNet operations management (for example, changing the active routing rules).
Related information
SWIFTNet Online Operations Manager User Guide
SWIFTNet PKI profile

The file that contains the certified user's signing and encryption key pairs, the signature verification and
encryption certificates, and the SWIFTNet Certification Authority verification certificate. When a customer
stores a PKI profile, it is encrypted with the owner's password.
SWIFTNet Public Key Infrastructure (SWIFTNet PKI)

A pervasive security infrastructure based on public-key cryptography, which provides digital signatures
and supporting certification services. SWIFTNet Public Key Infrastructure comprises the SWIFTNet
Certification Authority, the SWIFTNet Registration Authority, and the SWIFTNet Directory. These
authorities provide the customer with online certificate management capabilities.
SWIFTNet Registration Authority (RA)

A SWIFT-registered body that identifies and authenticates an institution and the initial users of the
SWIFTNet Public Key Infrastructure (for example, an institution's security officer).
SWIFTNet security officer

An officer that is responsible for handling SWIFTNet security for an institution. The SWIFTNet security
officer is an authorised representative for all communication with SWIFT about SWIFTNet security.
Unless administered by another institution, an institution must have two security officers. The SWIFTNet
security includes the following: the management of the institution's certificates and keys, the
administration of the Role-Based Access Control roles for the insitutions' entities, and other SWIFTNet
security matters.
Related information
SWIFTNet Service Profile

The set of operational parameters and their values that the service administrator has authorised. These
include the definition of types, the fields that the service must copy, and the routing restrictions.
SWIFTNet switch
A SWIFTNet central processing unit that implements SWIFTNet functionality. All information shipped
between SWIFTNet users through the SWIFTNet Link application programming interface travels through
this node.
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Glossary
SWIFTRef
A secure utility where reference data owners, including banks, central banks, and code issuers can
manage and publish their reference data to enable users to find all the data sets they need in one place.
SWIFTRef is delivered by SWIFT.
Related information
SWIFTRef documentation
SWIFTRef API
An optional distribution service over the Internet for an automated (pull mode) reception of data through
Restful and JSON APIs.
Related information
SWIFTRef APIs (www.swift.com)
SWIFTRef API documentation
SWIFTRef Automated Download Service

An automated distribution service that SWIFTRef has developed for monthly and daily directory files
through www.swiftrefdata.com. The service enables customers to receive automatically the monthly or
daily updated directory files over the Internet. This is an alternative channel to the manual download or
FileAct distribution.
Related information
SWIFTRef delivery channels (www.swift.com)
SWIFTRef Automated Download Service Technical Specifications For Sanctions List Distribution
SWIFTRef Data Manager

A downloadable tool that enables you to manage SWIFTRef directory files and your own .txt files to meet
your particular needs:
• use filters to refine a selected file
• compare files and view the changes between the two files
For example, you can compare a BIC file from January 2015 with the BIC file from February 2015.
• merge a maximum of three files into a separate file
For example, merge the BIC file with the Currency Code file. The merged file provides the currency
code used per BIC in the file.
Related information
SWIFTRef Data Manager
SWIFTRef Web Services

SWIFTRef Web Services are designed to ease the integration of SWIFT Directories with customer
applications and interfaces. This is done by providing tailor-made queries and responses that can be
used directly by software and applications, without any development for the end user.
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Glossary
Related information
SWIFTSmart
An interactive, cloud-based service that provides a full catalogue of courses for different levels of
knowledge, in multiple languagues. With SWIFTSmart, you can train your staff any time, anywhere, and
from any device. The courses available range from SWIFT message standards for payments, trade,
treasury and securities to SWIFT software and connectivity. To access SWIFTSmart, you must have a
swift.com account.
SWIFTSmart is part of the basic product package available to all SWIFT users.
Related information
SWIFTSmart
SWIFTSmart Service Description
synonym
A shared mode of operation for a FIN destination whereby the master destination performs the Login
command and sends the Select command.
syntax
The set of rules that governs the structure and physical representation of standard messages and
message components.
System Control Processor (SCP)

The component of the FIN service architecture that monitors and controls the entire FIN service. In
particular, the System Control Processor validates all access requests for the FIN service.
system message
A message that is sent from, or addressed to, the FIN system or a SWIFT department, identified as
message category 0 (for example, MT 021, MT 074).
System message trailer (SYS trailer)

A trailer that is added to system messages.
system MIR
The message input reference of a system-originated message. The date that the system MIR contains is
always the message generation date expressed in GMT.
system time
The time on which the FIN service operates. The system time is expressed in GMT and is shown in all
system-generated messages.
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Glossary
T
T-Copy mode
In T-Copy mode, SWIFT delivers the original message (or file) to the recipient, and at the same time
provides a copy (of all or part of the contents) to one (or several) copy destination(s). Such a copy
destination is typically the service administrator, or an entity designated by the service administrator. T-
Copy mode can be used in FINCopy, FINInform, and can be used for messages or files sent in InterAct
and FileAct in store-and-forward mode.
See also Y-Copy mode.
tailored learning
A SWIFT Professional Services offering designed specifically for a SWIFT user. Multilingual SWIFT
experts deliver, at the agreed date and location, a customised programme including a combination of
theoretical overviews, software demonstrations, and exercises.
tank file
A repository of sample messages that are available to FIN users in local Test and Training mode.
TARGET2
The Eurosystem-owned European Real Time Gross Settlement (RTGS) system. TARGET2 went live in
November 2007 and fully replaced the previous TARGET system in May 2008. TARGET2 is one of the
largest high-value payment systems in the world.
TARGET2 Directory
The directory issued by the Eurosystem, that is used by the TARGET2 direct members to route payments
within the Payments Module (PM) of the Single Shared Platform. The main purpose of the TARGET2
Directory is to provide information in the scope of the automation and the routing of payments.
TARGET2-Securities (T2S)
A single, pan-European platform for securities settlement in central bank money. It brings substantial
benefits to the European post-trading industry and is one of the largest infrastructure projects launched by
the Eurosystem so far. (source: www.ecb.europa.net)
Related information
SWIFT for TARGET2/Securities (www.swift.com
Test and Training (T&T)

A service that enables users to simulate all the functions of FIN in test mode. This includes future
message standards releases that are not yet available in live mode.
test environment
A set of pre-processing rules that is mainly used to preform User Acceptance Testing for changes that the
customer would like to apply to their prime infrastructure, back-up infrastructure, and disaster recovery
infrastructure.
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Glossary
text block
The part of a FIN message (block 4) that contains the substance of the message. The text format and
structure varies according to the message type.
time of receipt
The time of receipt of a FIN message at the receiving terminal (for example, for cut-off purposes) is the
delivery time of the output message.
time services
The services that provide indisputable time stamping for documents, time-dependent prices, and
revocation requests.
Tracker API for SWIFT gpi

Customers can interact with the gpi Tracker using a REST/JSON API set in addition to FIN messages and
Tracker GUI. API requests are issued from the customer’s environment, are secured through the
Connector for SWIFT gpi, and forwarded to the Tracker which provides the response in return. The
Tracker APIs enable gpi banks to change the transaction status through the Update API, query their
transactions with various search criteria, or request to stop transactions. The request/response JSON
payload is based on ISO 20022. API calls use HTTPS over a WebAccess configuration.
Tracker for SWIFT gpi

The tool that provides information on the status of a transaction to gpi customers.
Related information
traffic aggregation hierarchy

See SWIFT traffic aggregation hierarchy
trailer
An item of data that is contained within block 5 of a FIN message. The SWIFT system or FIN can add
trailers too (for example, Delayed Message traileror Possible Duplicate Message trailer). Alternatively, a
trailer can indicate that special circumstances apply to the handling of a message (for example, the
Possible Duplicate Emission trailer).
training destination
A FIN destination that can send and receive training messages. Training destinations are defined in the
SWIFT database in the same way as any other destination. They are identified by a zero in the eighth
position of the BIC.
Training trailer (TNG trailer)

A trailer added to all FIN Test and Training messages, that identifies those messages as training
messages.
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Glossary
transaction delivery agent (TDA)

An Alliance Gateway option that exchanges messages between dedicated IBM MQ queues in two or
more financial institutions.
transaction reference number (TRN)

An alphanumeric reference of up to 16 characters that the sender assigns to FIN messages. A
transaction reference number is in fields 20 and 20a of a FIN message.
Treasury Counterparty (TRCO)

A legal entity that undertakes a large volume of treasury activities incidental to its core business with
multiple bank counterparties. The eligibility criteria are detailed in the SWIFT Corporate Rules.
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SWIFT U
Glossary
U
UETR (SWIFT tracking number)
A unique end-to-end transaction reference. This reference contains a Universally Unique IDentifier
(UUID) compliant with version 4 of standard RFC4122. It is transported in field 121 of gpi messages.
UK SEPA IBAN Directory

The directory that provides a central repository of SEPA IBAN BICs for UK financial entities that are
compliant with the SEPA Regulation(EU) 260/2012. This regulation stipulates that Payment Service
Providers (PSPs) cannot request business identifier codes (BICs) from Payment Service Users (PSUs).
Components of the directory include an online IBAN look-up tool to derive the SEPA BIC for any UK
IBAN, a downloadable file, API access, and data management and reporting functionalities.
undelivered message report

A report that the messaging service generates according to user-specified criteria. The undelivered
message report lists all messages or files sent by a destination that remain undelivered at the time the
report was generated.
Universal Confirmations
SWIFT wants to extend the benefits of end-to-end tracking and confirmations of payments to the entire
SWIFT community. All SWIFT users, in the user categories Supervised Financial Institution (SUPE) and
Payment System Participant (PSPA) that receive MT 103 on FIN are required to provide a status
confirmation on the outcome of these payments as from Standards MT release 2020.
Related information
Universal Confirmations documentation
unsolicited report
A report that the FIN service generates and automatically delivers to a logical terminal, without a specific
user request. The FIN service generates unsolicited reports according to pre-determined criteria.
user
See SWIFT user.
user (security)
An individual within a user organisation that establishes General Purpose Application and FIN sessions.
The term user (security) also applies to a user that sends and receives FIN messages. In automated
systems, it also applies to those processes that perform operator functions such as session establishment
and termination.
user acknowledgement
The acknowledgement that a user sends to the FIN service. The acknowledgement may be positive or
negative.
See also user negative acknowledgement and user positive acknowledgement.

SWIFT U
Glossary
user certificate
A certificate that is used to sign traffic sent on live services, sign traffic on test and training services, or
authenticate the user of a service.
User Handbook (UHB)

A collection of contractual, technical, and operational documents that SWIFT makes available to its
customers. All SWIFT users must have access and subscribe to the User Handbook and pay the
applicable annual fee.
The User Handbook can be accessed through the Knowledge Centre.
user header
An optional header that is contained in block 3 of a FIN message. The user header enables senders to
add their own references (the message user reference). User headers also indicate special validation
rules.
user negative acknowledgement (UNK)

A FIN user sends a negative user acknowledgement to reject a message. Checksum failure is the only
grounds for the rejection of a FIN message.
user positive acknowledgement (UAK)

The acknowledgement that a user sends to FIN, which positively confirms safe receipt and acceptance of
a FIN output message.
User trailer
A trailer that the sender attaches to a FIN message. Examples of User trailers are the Training trailer and
the Possible Duplicate Emission trailer.

SWIFT V
Glossary
V
validation
The process that checks that a set of data conforms to a pre-defined structure and rules. See central
message validation for checks that SWIFT performs.
value-date ordering
A process by which the FIN service outputs certain messages in sequence, according to the value date of
the message.
Vendor
A SWIFT partner that develops interface applications or business applications compatible with SWIFT.
Vendor availability date

The date when SWIFT provides a technical testing environment for vendors. This includes availability of
SWIFTNet on the integration testbed and availability of the communication software.
Related information
verification
In relation to a given digitally signed message and public key, the process of accurately determining
whether the digital signature on the message was created by the private key corresponding to that public
key, and whether the message has been altered since the sender created the digital signature.
See also digital signature.
Virtual IP (VIP)
The virtual IP address assigned to an Alliance Connect product implemented with one or two SRX VPN
boxes.
Virtual Private Network (VPN)

A private network capability that provides the user with dynamic allocation of resources, and a uniform
numbering plan over dispersed, geographically independent locations.
VPN box
The IPsec security device installed on customer premises. The VPN box enables SWIFT to create and
manage a secure tunnel between the customer site and the SWIFT-managed backbone access point.
SWIFT uses the secure tunnel to implement end-to-end security.
Related information
Alliance Connect (www.swift.com)
VPN Interface Configuration

In the scope of Alliance Connect Bronze, Alliance Connect Silver, Alliance Connect Silver Plus, and
Alliance Connect Gold implemented with SRX VPN boxes, the tool that administers changes to the

SWIFT V
Glossary
default configuration of the respective VPN boxes toward the connections to SWIFTNet (Leased Line or
ISP connections) or to the customer LAN.
Related information
VPN Interface Configuration for Alliance Connect Bronze Release Letter
VPN Interface Configuration for Alliance Connect Silver Release Letter
VPN Interface Configuration for Alliance Connect Silver Plus Release Letter
VPN Interface Configuration for Alliance Connect Gold VPN Interface Release Letter

SWIFT W
Glossary
W
Watch
The SWIFT portfolio of business intelligence products that enable financial institutions to analyse the
different aspects of their SWIFT business. Customers can monitor traffic flows, messaging costs, and
other SWIFT expenses. Watch comprises two product categories: Watch Analytics and Watch Insights.
Besides these products, a Business Intelligence Consulting Services Portfolio is also available.
Related information
Watch Analytics
The Watch online analysis product that enables financial institutions to analyse their messaging activity
over SWIFT, from the point of view of traffic, message cost, and billing (total cost of ownership). Statistics
now include currency and amount information extracted from the message payload.
Watch Analytics comprise four bundles: the volume bundle (Watch Traffic Analytics and Watch Message
Cost Analytics), the value bundle (Watch Banking Analytics), the value premium bundle (Watch Banking
Analytics Premium), and the billing bundle (Watch Billing Analytics). All Analytics are accessible on
www.swift.com. SWIFT updates figures on a monthly basis.
Watch Banking Analytics

The Watch online analysis product that provides an overview of an institution's traffic volumes and an
overview of the content of some messages (amount and currency) information. Customers can use this
product to examine their SWIFT messaging volumes in an interactive and intuitive way.
Related information
Banking Analytics (www.swift.com)
Watch Banking Analytics documentation
Watch Banking Analytics Premium

The Watch online analysis product that provides an aggregated overview of an institution's FIN traffic and
an aggregated overview of some targeted payload information from FIN messages (like amount,
currency, and other data attributes), focusing on payments, trade finance, and treasury messages.
Related information
Banking Analytics Premium (www.swift.com)
Watch Banking Analytics Premium documentation
Watch Banking Insights

The Watch online analysis product for Payments and Cash Management (Categories 1, 2, and 9) and
Trade Finance (Categories 4 and 7).The offering consists of four different dashboards: Develop Footprint
& Portfolio (Payments and Cash Management), Develop Footprint & Portfolio (Trade Finance), Manage
Correspondent Network, and Improve Operational Efficiency & Quality (All Categories).
Related information
Banking Insights (www.swift.com)
Watch Banking Insights documentation

SWIFT W
Glossary
Watch Billing Analytics

The Watch online analysis product that enables an institution to analyse its total cost of ownership (TCO)
in SWIFT. Watch Billing Analyser provides all billing-related information, both network-based (Network
Based Invoice) and non-network-based, including credit notes and invoices for all products and services
over a 3-year period.
Related information
Watch Traffic (www.swift.com)
Watch Billing Analytics documentation
Watch for Securities

The Watch segment of products that focuses on FIN category 5 traffic (Securities business in ISO 15022,
more particularly Settlement and Asset Servicing messages) and that allows for more granularity and
enrichment of attributes compared to the classic Analytics. Watch for Securities includes Watch Securities
Analytics and Watch Securities Insights.
See also Watch Securities Analytics and Watch Securities Insights.
Related information
Watch Insights
The Watch online analysis product that provides on-line access to actionable, visual, and dynamic
dashboards, covering a specific business scope. Watch Insights offer fast and direct access to critical
business data about customers (on a BIC level), their activity share in specific countries and/or corridors,
as well as some optional peer benchmarking statistics.
See also Watch Banking Insights and Watch Securities Insights.
Watch Message Cost Analytics

The Watch online analysis product that provides a consolidated view of an institution's billed FIN, InterAct,
and FileAct traffic. Such information is available notably in terms of the average message price, fixed
charges, number of chargeable units, and other measures. An institution can survey its messaging costs
across multiple dimensions (for example, time, geography, or business solution) with the goal to reduce
their message price, cross-charge costs internally or more strategically improve the operational efficiency.
Related information
Message Cost Analytics (www.swift.com)
Watch Message Cost Analytics documentation
Watch Securities Analytics

The Watch online analysis product that provides an overview of an institution's FIN category 5 (Securities
messages) traffic volumes and some information extracted from the content of specific messages
(amount and currency, place of settlement). Customers can use Watch Securities Analytics to monitor
their SWIFT traffic in an interactive and intuitive way and, by comparing them with SWIFT totals, to
deduct some useful insights for their Securities business.
Related information
Securities Analytics (www.swift.com)
Watch Securities Analytics documentation

SWIFT W
Glossary
Watch Securities Insights

The Watch online analysis product that provides on-line access to actionable, visual, and dynamic
dashboards. Watch Securities Insights covers FIN category 5 (Securities messages) activity.
Related information
Securities Insights (www.swift.com)
Watch Securities Insights documentation
Watch Traffic Analytics

The Watch online analysis product that provides an overview of an institution's traffic volumes. It enables
institutions to analyse volume traffic by market, message type, and region, and to track individual
counterparties. The objective is to understand, amongst others, how the institution's traffic volumes are
evolving or which are its most important partners.
Related information
Traffic Analytics (www.swift.com)
Watch Traffic Analytics documentation
web certificate
See Browse certificate.
window
A technique to improve communication efficiency by buffering message transmission up to a maximum
number of sent messages (input window), or received messages (output window), that are awaiting
logical acknowledgement.
window size
The number of packets that can be in transit between correspondents without acknowledgement. Window
size is applicable at both network and application levels. For FIN, the window size is the number of FIN
messages that a user can send without acknowledgement.
wrapper
The software that SWIFT adds to a component to provide the five, standard interfaces that must be
present in a SWIFT component. These standard interfaces are introspective, operation, support,
management, and business. The wrapper ensures that the component's external interfaces conform to
the Information Transport Layer (ITL) architecture.

SWIFT Y
Glossary
Y
Y-Copy mode
A copying mode in which the service administrator authorises or rejects a message or file before the
messaging service delivers the message or file to the intended recipient. Y-Copy mode can be used in
FINCopy, FINInform, and can be used for messages or files sent in InterAct and FileAct in store-and-
forward mode.
See also T-Copy mode.

SWIFT Z
Glossary
Z
zone cold start
The restoration of service from an empty or zeroed state for a single messaging zone that is, currently
either the Trans-Atlantic or the European zone).

SWIFT List of Abbreviations
Glossary
List of Abbreviations
ADK, Alliance Developers Toolkit on page 7
ADW, allowable downtime window on page 12
AFC, Audit and Finance Committee on page 13
AGI, Alliance Gateway Instant on page 8
AIP, Alliance Integration Platform on page 8
AMH, Alliance Messaging Hub on page 11
ARG, Alliance Remote Gateway on page 11
AWP SE, Alliance Web Platform Server-Embedded on page 12
BAH, Business Application Header on page 18
BAP, backbone access point on page 15
BAWS, Business Administrator Workstation on page 18
BCP, Business Continuity Planning on page 19
BPO, bank payment obligation on page 15
CA, SWIFTNet Certification Authority on page 93
CBPR+, Cross-Border Payments and Reporting Plus on page 27
CC, command centre on page 23
CCH, Country, Currency, and Holiday Directory on page 26
CC Manager, Command Centre Manager on page 23
CHIPS UID, CHIPS Universal Identifier on page 21
CHK trailer, Checksum trailer on page 21
CID, central institution destination on page 20
CLS TPS, SWIFT CLS Third Party Service on page 84
CORP, Corporates participating in Score on page 26
CP, certificate policy on page 21
CPD, customer parent destination on page 28
CPE, Customer Premises Equipment on page 28
CPS, Certification Practice Statement on page 21
CRL, Certificate Revocation List on page 21
CSC, Customer Support Centre on page 29
CSCF, Customer Security Controls Framework on page 28
CSD, Central Securities Depository on page 20
CSD, Customer Shares Destination on page 29
CSM, Customer Security Management on page 28
CSP, Customer Security Programme on page 28
CUG, Closed User Group on page 22

Glossary
CV Expiry date, certificate expiry date on page 21

CV revocation, certificate revocation on page 21
CVSS, Common Vulnerability Scoring System on page 23
DLM trailer, Delayed Message trailer on page 30
DN, Distinguished Name on page 32
DOFA, Directories over FileAct on page 32
EBA, Euro Banking Association on page 35
ECC, EUCLID Connector Client on page 34
ERI, Euro-Related Information on page 35
FEP, Front-End Processor on page 38
FFM, full function mode on page 38
FIX, Financial Information Exchange on page 36
FNAO, Failure is Not an Option on page 36
FPL, FIX Protocol Ltd. on page 38
FTLA, file transfer local agent on page 36
g4C, SWIFT gpi for Corporates on page 89
gCCT, SWIFT gpi Rulebook for Mandatory Services on page 88
gCCT Inst, SWIFT gpi Instant Payments on page 89
gCOV, SWIFT gpi Cover Payments on page 88
gFIT, SWIFT gpi Financial Institution Transfer service on page 89
global OPC, global operating centre on page 40
GM, General Meeting on page 40
GPA, General Purpose Application on page 40
gSRP, SWIFT gpi Stop and Recall on page 89
HA, host adapter on page 42
HSM, Hardware Security Module on page 41
HSM box, Hardware Security Module box on page 41
HSM token, Hardware Security Module token on page 41
IASN, Input Application Sequence Number on page 43
ICC, interactive customer consultation on page 45
ICSD, International Central Securities Depository on page 45
IDD, International Drawdown on page 45
IPLA, Integration Platform on page 44
IPSN, Input Protocol Sequence Number on page 43
ISDA, International Swaps and Derivatives Association on page 46
ISIN, International Securities Identification Number on page 46
ISN, input sequence number on page 44

Glossary
ISO, International Organization for Standardization on page 45

IWS, Interactive Workstation on page 45
KB, Knowledge base on page 48
KMA, Key Management Application on page 48
KYC-SA, KYC Security Attestation on page 49
L2BA application provider, Alliance Lite2 for Business Applications (L2BA) application provider on page
10
LAK, login positive acknowledgement on page 51
LAU, Local Authentication on page 50
LCT, Local Command Team on page 50
LEI, legal entity identifier on page 50
LL, leased line on page 50
LNK, login negative acknowledgement on page 51
LRA, Local Registration Application on page 51
LSN, login sequence number on page 52
LSO, left security officer on page 50
LT, logical terminal on page 51
LTC, Logical Terminal Control on page 51
LTDIR queue, LT-directed queue on page 52
LTM, local test mode on page 51
MA-CUG, Member-Administered Closed User Group on page 54
M-CPE, managed customer-premises equipment on page 53
MEWS, non-shareholding member on page 60
MFVR, Message Format Validation Rules on page 55
MI, market infrastructure on page 53
MIC, Market Identifier Code on page 53
MI-CUG, Market Infrastructure Closed User Group on page 53
MIR, message input reference on page 55
MIRS, Market Infrastructure Resiliency Service on page 54
MMF, main message flow on page 53
MOR, message output reference on page 55
MQHA, MQ Host Adapter on page 57
MRF trailer, Message Reference trailer on page 56
MRR, message reception registry on page 55
MRR tables, message routing restriction tables on page 56
MUG, Message User Group on page 56
MUR, message user reference on page 56

Glossary
MV-SIPN, multi-vendor secure IP network on page 57

NMG, National Member Group on page 59
NOSU, non-supervised entity active in the financial industry on page 61
NSRP, Netscreen Redundancy Protocol on page 60
OASN, Output Application Sequence Number on page 63
OPC, operating centre on page 63
OPSN, Output Protocol Sequence Number on page 63
OSN, output sequence number on page 63
OTC Derivatives, over-the-counter derivatives on page 64
PDE trailer, Possible Duplicate Emission trailer on page 67
PDM trailer, Possible Duplicate Message trailer on page 67
PED, PIN Entry Device on page 67
PIC, partner identifier code on page 65
PKI, Public Key Infrastructure on page 69
PLT, pseudo logical terminal on page 69
PMA, Policy Management Authority on page 67
PMPG, Payments Market Practice Group on page 66
PoP, Point of Presence on page 67
POS, point of service on page 67
prime RP, prime Regional Processor on page 68
PSPA, payments system participant on page 66
PSU, Premium Service Update on page 68
RA, SWIFTNet Registration Authority on page 95
RADIUS, Remote Authentication Dial-In User Service on page 73
RAHA, Remote API Host Adapter on page 73
RBAC, Role-Based Access Control on page 74
REGU, financial market regulators on page 37
RMA, Relationship Management Application on page 72
RMS, Remote Management System on page 73
RP, Regional Processor on page 72
RPO, Recovery Point Objective on page 71
RSO, right security officer on page 74
RTO, Recovery Time Objective on page 71
SARP, service administrator related participant on page 78
SC3, SWIFT Crisis Co-ordination and Communication on page 87
SCC, secure code card on page 76
SCORE, SWIFT for Corporates on page 87

Glossary
SCP, Shared Connection Provider on page 80

SCP, System Control Processor on page 97
SEP, security end point on page 77
SEPA, Single Euro Payments Area on page 81
SIL, SWIFT Integration Layer on page 90
SIPN, secure IP network on page 76
SLS, secure login and select on page 76
SMDP, securities market data providers on page 76
SMPG, Securities Market Practice Group on page 77
SND, SWIFTNet Directory on page 93
SnF, store-and-forward on page 83
SNL, SWIFTNet Link on page 94
SNL alternative routing, SWIFTNet Link alternative routing on page 94
SNL certificate, SWIFTNet Link certificate on page 94
SNL heartbeat, SWIFTNet Link heartbeat on page 94
SNL ID, SWIFTNet Link ID on page 94
SNL-VPN connection, SWIFTNet Link-VPN connection on page 94
SO, security officer on page 77
SOMA, SWIFT Offline Message Accountability on page 90
SP, Slice Processor on page 81
SR, Standards release on page 82
SRG, Standards Release Guide on page 82
SSI, Standing Settlement Instructions on page 82
SSN, select sequence number on page 77
SSO, shared security officer on page 80
SSP, Single Shared Platform on page 81
SSPA, securities market infrastructure system participants on page 77
SUBM, sub-member on page 83
SUPE, supervised financial institution on page 83
SWIFTNet PKI, SWIFTNet Public Key Infrastructure on page 95
SWIFT Solution for TIPS, SWIFT Solution for TARGET Instant Payment Settlement on page 92
SYS trailer, System message trailer on page 97
T&T, Test and Training on page 98
T2S, TARGET2-Securities on page 98
TDA, transaction delivery agent on page 100
TNG trailer, Training trailer on page 99
TRCO, Treasury Counterparty on page 100

Glossary
TRN, transaction reference number on page 100

UAK, user positive acknowledgement on page 102
UHB, User Handbook on page 102
UNK, user negative acknowledgement on page 102
VIP, Virtual IP on page 103
VPN, Virtual Private Network on page 103

SWIFT Legal Notices
Glossary
Legal Notices
Copyright
SWIFT © 2020. All rights reserved.
Disclaimer
The information in this publication may change from time to time. You must always refer to the latest
available version.
Translations
The English version of SWIFT documentation is the only official and binding version.
Trademarks
SWIFT is the trade name of S.W.I.F.T. SC. The following are registered trademarks of SWIFT: 3SKey,
Innotribe, MyStandards, Sibos, SWIFT, SWIFTNet, SWIFT Institute, the Standards Forum logo, the
SWIFT logo, SWIFT gpi with logo, the SWIFT gpi logo, and UETR. Other product, service, or company
names in this publication are trade names, trademarks, or registered trademarks of their respective
owners.

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List of Abbreviations........................................................................................................................... 110

Alliance Access Kit

Alliance Bank File

Alliance Connect Bronze

Alliance Connect Gold

Alliance Connect Silver

Alliance Connect Silver Plus

Alliance Developers Toolkit (ADK)

Alliance Entry Kit

Alliance Essentials Kit

Alliance Gateway Instant (AGI)

Alliance Gateway Kit

Alliance Integration Platform (AIP)

Alliance Lifeline Premium

Alliance Lifeline Standby

Alliance Lite2 for Business Applications (L2BA)

Alliance Managed Operations

Alliance Messaging Hub (AMH)

Alliance Remote Gateway (ARG)

Alliance security officer

Alliance SWIFTNet Link Kit

Alliance Web Platform Server-Embedded (AWP SE)

allowable downtime window (ADW)

application service profile

Audit and Finance Committee (AFC)

Bank Directory for SAP

Bank Directory Plus

bank payment obligation (BPO)

Bankers World Online

BIC Directory 2018

BIC Directory Download

This is not the same as a SWIFT broadcast.

Business Administrator Workstation (BAWS)

Business Application Header (BAH)

Business Assessment Programme

Business Continuity Planning (BCP)

business party identifier

central institution destination (CID)

central message validation

Central Securities Depository (CSD)

certificate administration facility

certificate expiry date (CV Expiry date)

certificate policy (CP)

certificate revocation (CV revocation)

Certificate Revocation List (CRL)

Certification Practice Statement (CPS)

Checksum trailer (CHK trailer)

CHIPS Universal Identifier (CHIPS UID)

Clearing and Settlement Mechanism

Closed User Group (CUG)

CLSClearedFX over SWIFT

CLSNet over SWIFT

CLS Settlement Services

CLS Third Party

command centre (CC)

Command Centre Manager (CC Manager)

Common Vulnerability Scoring System (CVSS)

Compatible Customer Managed Interface

Confirmation Copy service

Connector for Sanctions

Connector for SWIFT gpi

copy fallback service mode