SWIFT CBT definition

SWIFT CBT means SWIFT computer based terminal, the hardware and software used to send and receive messages to and from the SWIFT network;
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Examples of SWIFT CBT in a sentence

  • The SWIFT CBT will provide the facility for the creation, transmission, confirmation and cancellation of the messages to enable the members to execute or cancel transactions.

  • The member will not be able to cancel, either through his SWIFT CBT or Web services via the Queue Management Function, the payment messages, either initiated by the Bank or due to securities transfer in the SSS system.

  • The member will not be able to cancel, either through his SWIFT CBT or Web services via the Queue Management Function, the payment messages, initiated by the Bank or due to securities transactions.

  • All MACSS Participants, including the Central Bank, are connected to SWIFT via SWIFT CBT interfaces.SWIFT monitors the payment traffic of members of the MACSS Closed User Group and will direct any payments designated as MACSS RTGS payments to the FIN Y-Copy Service.

  • The SWIFT interface uses the standard SWIFT messages ACK/NAK to confirm the transmission, which are processed by the standard SWIFT CBT (example: SWIFT Alliance).

  • The last two fields of this block are entered by the communication application (for the SWIFT network - SWIFT CBT (e.g. SWIFT Alliance), and for the private network - CMA FileAdapter).

  • Integrating the new settlement process will be quite straightforward, given that it will be done on the ac- cess-platform (eg SWIFT CBT) level.

  • They will be able to send/receive securities transactions and submit/receive statements/reports from SWIFT CBT to the SSS system.

  • Settlement in RITS (including ‘high value’ RTGS transactions)Retail payments including NPP (‘low value’ transactions)Systems affectedCore payment application; SWIFT CBT; AML; RITS access; internal and external networksAll systems that are involved in processing of retail payments.

  • Message Processing : The SWIFT CBT will provide the facility for the creation, transmission, confirmation and cancellation of the messages to enable the members to execute or cancel transactions.

Related to SWIFT CBT

  • SWIFT means the financial messaging network operated by the Society for Worldwide Interbank Financial Telecommunication, or its successor.

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