Author

Topic: Banking infrastructure (Read 626 times)

legendary
Activity: 1358
Merit: 1000
April 20, 2013, 10:22:17 AM
#2
SWIFT moved to its current IP network infrastructure, known as SWIFTNet, from 2001 to 2005,[9] providing a total replacement of the previous X.25 infrastructure

http://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication
member
Activity: 98
Merit: 10
April 20, 2013, 10:12:46 AM
#1
Any banking experts here?

How does SWIFT work? It's a pure X25 protocol, so there are no measures to reduce counterparty risk? Are there countries which are not part of SWIFT? Does SWIFT define what a bank is depending on the jurisdiction?
Jump to: