Global Association of Banking, Finance and Telecommunications.
SWIFT is a cooperative organization, operating a world-class financial message network, through which banks and other financial institutions exchange messages with their peers, thus completing financial transactions. In addition, SWIFT also sells software and services to financial institutions, and most of its users are using the SWIFT network.
As of June 2007, SWIFT's services have been extended to 207 countries, with more than 865,438+000 financial institutions connected to the Internet.
Every bank applying to join the SWIFT organization must work out its own SWIFT address code in advance according to the unified principle of SWIFT organization, and it will take effect after being approved by SWIFT organization.
Bank Identifier Code——BIC) consists of eight or eleven English letters or Arabic numerals that can be automatically interpreted by computer, and is used to clearly distinguish different financial institutions related to financial transactions in SWIFT messages. All member banks of the Association have their own SWIFT codes, namely SWIFT codes.
During wire transfer, the remitting bank can remit the money to the receiving bank by sending a payment message according to the SWIFT code of the receiving bank. This number is equivalent to the ID number of each bank.
BIC with eleven digits or letters can be divided into four parts: bank code, country code, area code and branch code. Take China Bank Beijing Branch as an example, and its bank identification code is BKCHCNBJ 1 10. Its meaning is BKCH (bank code), CN (country code), BJ (area code),1/kloc-0 (branch code).
(1) bank code: it consists of four English letters, and each bank has only one bank code, which is customized by itself, usually the initials of the bank, and is applicable to all its branches.
(2) Country code: consists of two English letters, which is used to distinguish the country and geographical area where users are located.
(3) Location code: It consists of two digits or two letters other than 0, 1 and is used to distinguish the geographical location of a country, such as time zone, province, state and city.
(4) Branch Code: It consists of three letters or numbers and is used to distinguish branches, organizations or departments of a country. If the BIC of a bank has only eight digits and no branch code, its initial value is set to "XXX".
At the same time, SWIFT has also compiled a code for banks that have not joined the SWIFT organization to replace the full name of the bank in the message according to this rule. All such codes are distinguished from the SWIFT address codes of official SWIFT member banks by adding the letter "BIC" in the last three digits.
To query the SWIFT code of the bank, the recommended method is:
(1) Go directly to the bank and ask the staff.
(2) You can call for advice.
(3) Through the official website of SWIFT,
SWIFT code of domestic bank:
Bank of China: BKCHCNBJ
Industrial and Commercial Bank of China: ICBKCNBJ
China Construction Bank: PCBCCNBJ
Agricultural bank: ABOCCNBJ
China Merchants Bank: China Merchants Bank
Bank of communications: COMMCN
China citic bank: CIBKCNBJ
Industrial Bank: Bank of Fiji
Minsheng Bank: MSBCCNBJ
Huaxia bank: HXBKCN
Shanghai Pudong Development Bank: SPDBCNSH
Hsbc bank: HSBCCNSH
Standard Chartered Bank: SCBLCNSX
Citibank: CITICNSX
Deutsche Bank: Deutsche Bank
Swiss bank: UBSWCNBJ
ABN Amro: ABNACNSH
Hongkong and Shanghai Banking Corporation: Hong Kong
Hong Kong Citigroup: Citigroup Hong Kong
Bank of East Asia, Hong Kong
Hang Seng Bank: HASECNSHBEJ
Xiamen Bank: CBXMCNBA
The Arabic numerals of branches need to be uniformly added after the code.
Extended data:
SWIFT Code (bank international code) is generally used for power remittance and letter of credit telegrams, and most banks have it, which is used to quickly process inter-bank telegrams. Big banks like Industrial and Commercial Bank of China and China Construction Bank will also assign Swift codes with different suffixes to their internal branches.
SWIFT is a non-profit international cooperation organization among international banks, headquartered in Brussels, Belgium. At the same time, SWIFT has set up Swifting Center in Amsterdam, the Netherlands and new york, USA, and concentrated participating countries nationwide to provide fast, accurate and high-quality services for international financial business.
SWIFT operates a world-class financial message network, through which banks and other financial institutions exchange messages with their peers to complete financial transactions. In addition, SWIFT also sells software and services to financial institutions, and most of its users are using the SWIFT network.
SWIFT was founded in May 1973, and its global computer data communication network has operation centers in the Netherlands and the United States, and regional processing stations in member countries. 239 banks from the United States, Canada and Europe 15 countries announced the formal establishment of SWIFT.
Headquartered in Brussels, Belgium, it is a non-profit organization established to solve the problem that financial communication among countries cannot adapt to the rapid growth of international payment and settlement. It is responsible for designing, establishing and managing the SWIFT international network, so as to transmit international financial information and determine the route among the members of the organization.
user type
1.SWIFT requires membership. Most professional banks in China are its members.
2.SWIFT has low cost and high speed. For the same content, the cost of SWIFT is only about 18% of that of telex and only about 2.5% of that of telegram.
3.SWIFT has high security. SWIFT encryption is more reliable, more confidential and more automated than telex encryption.
4.4 format. SWIFT is standardized. For SWIFT messages, SWIFT organizations have uniform requirements and formats.
There are three types of users: members (shareholders), sub-members and ordinary users. Members can enjoy all SWIFT services; Ordinary users only enjoy services related to their business, mainly from the securities industry, such as securities intermediaries, investment management companies, fund management companies and so on.
References:
Baidu encyclopedia -SWIFT code