Swift Code
Financial Dictionary — Finance & Banking
Definition
Swift or BICs are international codes for banks that need them when sending money across countries or for government purposes.
Detailed Explanation
SWIFT or BIC codes are international bank identifiers used for sending money across countries and for some official purposes.
Common Uses
- Used in treasury and financial management for funding, investment, and risk decisions.
- Used to evaluate cash flows, financing costs, and capital structure.
- Used to evaluate cash flows, financing costs, and capital structure.
Practical Example
- Example: Finance teams use **Swift Code** when planning funding needs and managing cash and risk.
Why This Term Matters
- Why it matters: Supports liquidity and risk control and improves the quality of financing and investment decisions.