what is the full form of SWIFT?
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SWIFT stands for Society for Worldwide Interbank Financial Telecommunications. It is a global member-owned cooperative established in 1973 that provides safe and secure financial transactions for its members. It uses a standardized communications platform to transmit information related to financial transactions. SWIFT is headquartered in Belgium and has a vast network of offices that covers various countries like India, Australia, Japan, Korea, Germany, France, Italy, South Africa, Spain, Sweden, the United States, the United Kingdom, UAE, and Russian Federation.
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