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.

  • 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.

  • 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.

  • 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).

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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