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SWIFT
SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication.
SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication. It is a secure, global messaging network that banks use to make electronic cross-border payments safely and conveniently. Most businesses use SWIFT to make wire transfers and accept payments from customers as SWIFT is the fastest way to make an international payment. Businesses or individuals may be asked for their SWIFT code, which would be a series of 8 to 11 numbers that identifies the bank the payment is to be sent to.
Related Glossaries
Definite and Indefinite contract
Employment contracts that are either Fixed-term or Indefinite.
IR35
A United Kingdom’s anti-avoidance tax legislation and applies to those working ‘off payroll’.
Off-boarding
Offboarding is the process that leads to the formal separation between an employee and a company.
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