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Answer: SWIFT (Swift) is an abbreviation of "Society for Worldwide Interbank Financial Telecommunication" and manages the financial institution identification code "SWIFT code" (also called SWIFT address and BIC code) used for international remittance. This is a unified code that connects financial institutions around the world, and is used across countries and regions as an "address" for international remittances. The SWIFT code consists of 8 characters. The first 4 characters are "Financial Institution Code", the next 2 characters are "Country Code", and the next 2 characters are "Location Code".