Real-time gross settlement
Real time gross settlement systems (RTGS) are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. Settle...
Society for Worldwide Interbank Financial Telecommunication
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in...
Terrorist Finance Tracking Program
The Terrorist Finance Tracking Program (TFTP) is a United States government program to access the SWIFT transaction database revealed by The New York Times, The Wall Street Journal and The Los Angeles...
Indian Financial System Code
The Indian Financial System Code (IFSC Code) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India: the Real Time Gr...
TARGET2
TARGET2 is an interbank payment system for the real-time processing of cross-border transfers throughout the European Union. TARGET2 replaced TARGET (Trans-European Automated Real-time Gross Settlemen...
Electronic Banking Internet Communication Standard
The Electronic Banking Internet Communication Standard (short EBICS) is a transmission protocol for banking information for usage by banking clients.The Single Euro Payments Area (SEPA) concentrates o...
New York Clearing House
The New York Clearing House Association, the nation’s first and largest bank clearing house, was created in 1853, and has played a variety of important roles in supporting the development of the banki...
Fedwire
Formally known as the Federal Reserve Wire Network, Fedwire is a real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks that enables financial institution...
Bilateral key exchange
Bilateral Key Exchange (BKE) was an encryption scheme utilized by The Society for Worldwide Interbank Financial Telecommunications (SWIFT).The scheme was retired on January 1, 2009 and has now been re...
SWIFTNet InterAct Realtime
SWIFTNet InterAct Realtime is a protocol designed and supported by SWIFT. The protocol is used to exchange financial messages between organizations connected to services on the SWIFTNet network.
S...
SWIFT message types
SWIFT or Society for Worldwide Interbank Financial Telecommunication provides a network to allow financial and non-financial institutions (e.g. corporates) to transfer financial transactions through a...
Clearing House Interbank Payments System
The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value transactions. By 2010 it settling well over US$1 trillion a day in around 250,000 interb...
SWIFTNet InterAct Store and Forward
SWIFTNet InterAct Store and Forward is a protocol designed and supported by SWIFT. The protocol is used to exchange financial messages between organizations connected to services on to the SWIFTNet ne...
Delivery versus payment
Delivery versus payment or DVP is a common form of settlement for securities. The process involves the simultaneous delivery of all documents necessary to give effect to a transfer of securities in ex...
SUCRE
The SUCRE (Spanish: Sistema Uniario de Compensación Regional, English: Unified System for Regional Compensation) is a regional currency proposed for commercial exchanges between members of the re...
Clearing House Automated Transfer System
The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a...
Trade Services Utility
The SWIFTNet TSU is a banking initiative provided by SWIFT (Society for Worldwide Interbank Financial Telecommunication).The basic concept for the TSU is a matching system for Trade Documents which is...