{"id":3104,"date":"2025-10-14T20:30:00","date_gmt":"2025-10-14T18:30:00","guid":{"rendered":"https:\/\/www.betaalvereniging.nl\/en\/?post_type=btv_wiki&#038;p=3104"},"modified":"2026-02-26T12:15:49","modified_gmt":"2026-02-26T11:15:49","slug":"swift","status":"publish","type":"btv_wiki","link":"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/market-infrastructure\/swift\/","title":{"rendered":"SWIFT"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-about-swift\">About SWIFT<\/h2>\n\n\n\n<p>SWIFT stands for <strong>Society for Worldwide Interbank Financial Telecommunication<\/strong>. It is a cooperative organization founded in 1973 and based in Belgium. SWIFT manages the global network through which more than <strong>11,000 banks, securities traders, and other financial institutions<\/strong> can exchange messages for and about transactions. SWIFT plays a particularly important role in cross-border transactions between different currencies.<\/p>\n\n\n\n<p>SWIFT does not process <strong>payments or securities<\/strong> itself. It provides the technical infrastructure, security, and messaging standards that enable financial institutions to exchange messages for cross-border transactions securely and reliably. This makes SWIFT an indispensable link in the international financial market infrastructure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SWIFT in practice<\/h2>\n\n\n\n<p>The following types of messages, among others, are sent via the SWIFT network:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cross-border payment orders (<em>cross-border payments<\/em>)<\/li>\n\n\n\n<li>Orders for securities transactions (<em>settlement<\/em> and <em>custody<\/em>)<\/li>\n\n\n\n<li>Messages for treasury and trade finance<\/li>\n\n\n\n<li>Reports and communications between central banks<\/li>\n<\/ul>\n\n\n\n<p>SWIFT is the primary communication channel for international payments outside <a href=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/market-infrastructure\/sepa-network\/\" type=\"btv_wiki\" id=\"3105\"><strong><u>SEPA<\/u><\/strong><\/a>. When a customer transfers an amount to an account holder in another currency area, the message traffic between the payment service providers involved (such as banks) almost always runs via SWIFT.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SWIFT and ISO 20022<\/h2>\n\n\n\n<p>Since 2023, SWIFT has supported the <a href=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/standards-in-payments\/iso-20022\/\" type=\"btv_wiki\" id=\"3071\"><strong><u>ISO 20022 standard<\/u><\/strong><\/a> for financial messages in addition to its own MT message standard. Since November 2025, ISO 20022 has been the global SWIFT messaging standard for <strong>interbank payments and reporting<\/strong>.<\/p>\n\n\n\n<p>This transition provides:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>richer and more structured data<\/li>\n\n\n\n<li>better compliance options for customer and anti-money laundering checks<\/li>\n\n\n\n<li>better automation in the chain<\/li>\n<\/ul>\n\n\n\n<p>The migration to ISO 20022 is fundamentally modernizing global payments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SWIFT in the Netherlands<\/h2>\n\n\n\n<p>Dutch banks and financial institutions are connected to SWIFT and use the network primarily for payments and securities transactions to and from countries outside Europe.<\/p>\n\n\n\n<p>The Dutch Payments Association helps its members with the migration to ISO 20022 and the introduction of new SWIFT services, among other things.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SWIFT is a global network that enables banks and other financial institutions to securely and reliably exchange messages for payment and securities transactions between different countries and currencies digitally. It provides an indispensable infrastructure for global cross-border payments.<\/p>\n","protected":false},"featured_media":3500,"parent":3101,"menu_order":0,"template":"","meta":{"_acf_changed":true,"editor_notices":[]},"btv_subject_tax":[29],"class_list":["post-3104","btv_wiki","type-btv_wiki","status-publish","has-post-thumbnail","hentry","btv_subject_tax-market-infrastructure"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin  - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SWIFT - Dutch Payments Association<\/title>\n<meta name=\"description\" content=\"SWIFT connects over 11,000 financial institutions for secure cross-border payments and ISO 20022 messaging worldwide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/market-infrastructure\/swift\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SWIFT\" \/>\n<meta property=\"og:description\" content=\"SWIFT connects over 11,000 financial institutions for secure cross-border payments and ISO 20022 messaging worldwide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/market-infrastructure\/swift\/\" \/>\n<meta property=\"og:site_name\" content=\"Dutch Payments Association\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-26T11:15:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/Swift-logo-in-wereldbol-1024x709.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"709\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@NLbetalen\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/market-infrastructure\/swift\/\",\"url\":\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/market-infrastructure\/swift\/\",\"name\":\"SWIFT - 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