 The word "transport" was adopted over the originally proposed "trade" which – in Oxford English – is synonymous to "commerce").In 1989 the concept of EDIFACT, the cross-sectorial messaging destined to permit end-to-end STP communication between banks and their corporate customers, was introduced to the financial sector during the SWIFT SIBOS conference held in Stockholm through a joint corporate and bank panel presentation.Attendance at this session was overwhelming (remote television screens had to be installed outside the packed meeting room); however, incompatibility between EDIFACT and SWIFT syntax prevented any further progress until XML syntax enabled stakeholders in the standardisation process to resume contacts.