Terminologies and Acronyms
Terminologies and acronyms used in this manual are provided for your reference.
Terminologies
The following table explains the terminologies used in this manual:
| Terminology | Meaning |
|---|---|
| ADK | Alliance Development Kit.
ADK is a SWIFT product that developers of third-parties and financial institutions use to build their own applications for Alliance Access. |
| BIC | Business Identifier Code.
BIC is an international standard for identification of institutions within the financial services industry. BICs are used in automated processing. They unambiguously identify a financial institution or a non-financial institution. The ISO 9362 standard specifies the elements and the structure of a BIC. A BIC consists of either eight or eleven contiguous characters. These characters comprise either the first three, or all four, of the following components: party prefix, country code, party suffix, and branch identifier. The International Organization for Standardization has designated SWIFT as the BIC registration authority. |
| Delivery Report | The SWIFT network can, either on its own or in response to a request from the user, report the delivery status of a user message. Typically, this message specifies whether the message was successfully delivered, could not be delivered, was acknowledged or not acknowledged (ACK or NACK) by the receiver or sender. Such a message is called a Delivery Report. |
| MT | A traditional message type for use on the SWIFT network. |
| SAA | SWIFT Alliance Access.
SAA is a prime multi-platform messaging interface designed to connect business applications to SWIFT messaging services. Customers can use SAA to connect single or multiple destinations to SWIFT with the maximum automation of system management tasks. |
| SAE | SWIFT Alliance Entry.
SAE is a messaging interface that SWIFT develops for low-volume customers that use a single destination. SAE offers the flexibility and control of a private infrastructure. |
| SWIFT | Society for Worldwide Interbank Financial Telecommunication. This organization maintains a global store and forward network for secure financial messaging. In addition, it defines standard formats for interbank messages. |
| Transmission Report | The transmission report is a message that states whether the user message was accepted or not (ACK or NACK) by the network. Since the SWIFT network is a store and forward network, every user message is stored by the network before being forwarded to the receiver. At the time of storing, the network also validates the message. |
Acronyms
The following table explains the acronyms used in this manual:
| Acronym | Spelled-out Form |
|---|---|
| ACK | Positive Acknowledgment |
| API | Application Programming Interface |
| BEI | Business Entity Identifier |
| IBAN | International Bank Account Number |
| JMS | Java Messaging Service |
| JNI | Java Native Interface |
| LTA | Logical Terminal Address |
| NAK | Negative Acknowledgment |
| UAK | User Positive Acknowledgment |
| UNK | User Negative Acknowledgment |
| UETR | Unique End-to-End Transaction Reference. |