1.SWIFT requires membership. Most professional banks in our country are its members.

2.SWIFT has low cost and high speed. For the same amount of content, the cost of SWIFT is only about 18% of that of TELEX, and only about 2.5% of that of CABLE.

3.SWIFT has high security; . SWIFT encryption has stronger reliability, higher confidentiality and higher automation than telex encryption.

4. the format of swift is standardized. For SWIFT messages, SWIFT organizations have uniform requirements and formats.

there are three types of users, namely, sub-members (shareholders), sub-members and ordinary users. Members can enjoy all SWIFT services; Ordinary users only enjoy services related to their business, mainly from the securities industry, such as securities intermediaries, investment management companies, fund management companies and so on. 1. Access service

SWIFT's access service is completed through SWIFTAlliance's series of products, including:

(1) Swift Alliance Access and Entry: interface software for transmitting FIN information;

(2) SWIFTAlliance Gateway: window software for accessing SWIFTNet;

(3) SWIFTAlliance Webstation: desktop access software for accessing SWIFTNet;

(4) File Transfer Interface: file transfer interface software, which makes it convenient for users to access their back office systems through SWIFTNet FileAct.

SWIFTNET Link software is embedded in SWIFTAlliance Gateway and SWIFTAlliance Webstation to provide transmission, standardization, security and management services. After connecting, it ensures that users can access SWIFTNet multiple times with the same window and get different services.

2. Financial information transmission service

After Swiftnet was launched, the traditional FIN service was provided on the new SWIFTNet FIN (launched in August 22). SWIFT integrates the traditional FIN service with the newly developed and interactive service, and develops the SWIFTNet information transmission service to meet the continuous development needs of modern financial institutions. Including the following four services: (1) in financial information transmission; (2) Swiftnet Interaction: providing two information transmission modes: interactive (real-time) and storage and forwarding, which are suitable for financial services that require real-time response. (3)SWIFT FileAct: It provides two automatic file transmission modes: interactive and storage and forwarding, which are suitable for the transmission of large quantities of data. (4)SWIFTNeBrowse uses standard Internet Browsers (such as IE) and SWIFT Alliance Web Station to access the browse service based on browsing, and its security is guaranteed by SSL and SIPN.

3. transaction processing services

transaction processing services also provide transaction processing services to foreign exchange exchanges, money markets and financial derivatives certification institutions through SWIFTNet. Specifically, it includes:

(1) transaction matching service

(2) real-time reporting bilateral netting service

(3) end-to-end electronic payment (E-PaymentsPlus

4) analysis service and analysis tool

SWIFT also provides some assistance to financial institutions.

SWIFT includes the following tools:

(1)BIC Online and BIC Directory Update broadcast: providing financial institutions with the latest worldwide codes of financial institutions (BIC);

(2)Traffic Watch: it can monitor the number of information currently transmitted by SWIFT;

(3)Transaction Watch: it can monitor the process of information from sending to receiving, and obtain various parameters to provide analysis data for improving the efficiency of securities system and payment system;

(4)STP Review: In order to improve their competitiveness, the ability of straight through processing (STP) has become increasingly important for financial institutions. SWIFT can provide users with an independent and objective STP assessment. SWIFT security threats come from two aspects: payment risk and system risk.

SWIFT does not provide direct assistance to financial institutions in terms of risk payment. With the services provided by SWIFT, financial institutions can effectively control payment risks. For example, SWIFT provides FIN Copy services to support clearing, settlement and net settlement in securities-related transactions involving large payment. Before the transaction order is transmitted to the receiver, the order should be backed up and authenticated by a third party (such as the central bank).

the security of p>SWIFT system is mainly threatened by the following aspects: counterfeiting, interception (reading or copying), modification and replay of messages, loss of messages, denial by the sender or receiver of messages, etc. In view of these security threats, SWIFT system provides security policies to maintain system security. SWIFT security levels are divided into: (1) secure login and service selection. (2) prevent third parties from impersonating. (3) Prevent third parties from intercepting messages. (4) making it impossible for a third party to modify or replace the contents of the message, or making it possible for the receiver to find that the message was modified during transmission. (5) Prevent the replay and loss of messages. (6) Messages exchanged in the system are copied and stored, and various activities related to message switching and their occurrence times are recorded. (7) Separation of related safety responsibilities, that is, one person cannot be responsible for multiple safety affairs.