Banks offer bids on the loans they wish to receive, presumably paying less than the discount rate, and the Fed is encouraging them to borrow this way, reducing the stigma of going straighttothe central bank.
However, Bopara struck a glorious straight drive tothe boundary as 65 came from final five overs to ensure there were more than enough runs in thebank.
In addition to security and speed, SWIFT offers a standard interface to reach pretty much any bank in the world with a standard message format to provide completely automated processing of payments, straight-through processing (STP) in industry terminology.