Market Herald posts ISX, page-15

I don't think it's a 'new swift platform' as that would restrict the communications between banks and ISX.

I don't think it would depend on the Australian banking licence from artIcle, but logIcally It seems to be a requIrement. For funds leaving Australia It wIll have to waIt a lIttle (early next year from prevIous ISX Ann) untIl all AU requIrements are compliant (not sure Infrasttucture would be a challenge) wIthIn AU. EU ISX can send money into AU (and around the world) using swift, and an array of others.

herald - news Corp

smh - Fairfax