What are bank branch types, When and How to use them

Summary:
What are branch types and significance of the existing Branch types in the dropdown list

Content (please ensure you mask any confidential information):

Setup: Manage Bank Branches
Field: Bank Branch Type
LOV: ABA, SWIFT, CHIPS and OTHER.
Significance of these types, When and how to use them

It would be great if you can provide additional information on the other fields mentioned below as well.
Branch Number Type
EDI ID Number
EFT Number
EDI Location
RFC Identifier

Version (include the version you are using, if applicable):

25A - Oracle Fusion Cash management

Code Snippet (add any code snippets that support your topic, if applicable):