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Swift, which stands for Society for Worldwide Interbank Financial Telecommunication, is a message network used by financial organizations to communicate with each other using predefined messages. Each user, which are all financial institutions, has a unique Swift ID and can securely send and receive information like money transfers. Swift assigns each organization a unique code, usually eight or eleven characters. The first eight characters of the eleven-character code are the same as the eight-character code, while the last three identify individual branches.