Key Takeaways

• SWIFT serves as a vital communication network for over 11,000 global financial institutions, facilitating secure and efficient international transactions.
• Utilized by a diverse range of institutions, including securities dealers, corporate businesses, clearing houses, brokerage institutes, and asset management companies
• Generates revenue through membership fees, message fees, and additional services, supporting its operations and development
• Relays instructions for "Nostro" and "Vostro" between corresponding and intermediary banks