What Is the Society for Worldwide Interbank Financial Telecommunications (SWIFT)? Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a member-owned cooperative providing secure messaging for international transfers of money between participating banks. Started in 1973 by 239 banks from 15 countries, SWIFT began providing messaging services in 1977. Its SWIFTnet messaging system lets banks share
What Is a Swing? A swing can either refer to a type of trading strategy or a large fluctuation in the value of an asset, liability, or account that reverses a trend. This term commonly refers to a situation in which the price of an asset experiences a significant change over a relatively short period.
What Is a Swing High? The term swing high is used in technical analysis. It refers to a peak reached by an indicator or a security’s price before a decline. A swing high forms when the high reached is greater than a given number of highs positioned around it. A series of consecutively higher swing
What Is Super-Prime Credit? Super-prime credit is a credit score that is at the highest end of a credit bureau’s score range. Consumers with super-prime credit are considered to have excellent credit and pose the least risk to lenders and creditors. Credit card companies and lenders offer their best credit cards and loans with the
What Is a Super Regional Bank? A super regional bank is a mid-sized financial institution that has a significant presence in a geographical region across multiple states. It is similar to a large national or global bank in terms of assets, revenue, and scale of activities, but does not operate on a global level. Key Takeaways
What Is a Super Sinker? The term super sinker refers to a type of bond with a long-term coupon but a potentially short maturity. If the principal balance of the bond is paid out before maturity, bondholders receive the value of the principal back quickly. Super sinker bonds typically attract investors who want a brief
What Is a Supplemental Liquidity Provider (SLP)? Supplemental liquidity providers (SLPs) are one of three key market participants on the New York Stock Exchange (NYSE). Supplemental liquidity providers (SLPs) are market participants that use sophisticated high-speed computers and algorithms to create high volume on exchanges in order to add liquidity to the markets. As an
What Is Supply? Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph. This relates closely to the demand
What Is a Supply Chain? A supply chain is a network of individuals and companies who are involved in creating a product and delivering it to the consumer. Links on the chain begin with the producers of the raw materials and end when the van delivers the finished product to the end user. Supply chain
What Is a Supply Chain Attack? A supply chain attack is a cyberattack that attempts to inflict damage to a company by exploiting vulnerabilities in its supply chain network. A supply chain attack entails continuous network hacking or infiltration processes to gain access to a firm’s network in order to cause disruptions or outages, which
