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SWIFT Code

German Translation

SWIFT Code

Category

Accounting with SAP R/3

Short Description

Society for Worldwide Interbank Financial Telecommunication.
Within the context of international payment transactions, the SWIFT code (standard throughout the world) enables banks to be identified without the need to specify an address or bank number. SWIFT codes are used mainly for automatic payment transactions.
[vgl. www.sapinfo.net/glossary (14.11.2001), URL]