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Posted: instrument.ru On: 05.06.2017

A Swift Code is the standard format for Business Identifier Codes BIC and it's a unique identificationcode for banks and financial institutions globally. These codes are used when transferring money between banks,in particular for international wire transfers or SEPA payments.

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It is a unique identification code for both financial and non-financial institutions. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication.

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When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. The codes can sometimes be found on account statements.

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The TARGET-directory lists all the BICs of the banks that are attached to the TARGET2-network being a subset of the SWIFT-directory of BICs. Swift Code also known as BIC Code is a unique bank identifier used to verify financial transactions such as a Bank Wire Transfer.

The Bank Swift Code provides information about the bank and branch where the money should be transferred.

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Being able to check information about the Swift Code will provide you with the proper information necessary to make or receive payments. Some of the banks and their associated branches benefit from an address listing which provides you with the means to match swift codes with financial institution office address. This unique swift code directory provides businesses and individuals with an easy way to avoid bank transfer and money transfer mistakes.

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SWIFT Standards, a division of The Society for Worldwide Interbank Financial Telecommunication SWIFT , handles the registration of these codes. Because SWIFT originally introduced what was later standardized as Business Identifier Codes BICs , they are still often called SWIFT addresses or codes.

Toggle navigation Bank Codes.

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Institution Code or bank code. ISO alpha-2 country code 2 letters or digits: Swift Code FORXSES1XXX Breakdown No. SE - This is the 2-letter country code associated with SWEDEN SE. This means that this is a passive participant in the SWIFT network.

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