Society for Worldwide Interbank Financial Telecommunications (SWIFT)

Definition:

A dedicated computer network to support funds transfer messages internationally between over 900 member banks world-wide.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Total return

In performance measurement, the actual rate of return realized over some evaluation period. In fixed income analysis, the potential return that considers all three sources of return (coupon interest... Read More

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