About Swift Codes Az
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SWIFT - Society for Worldwide Interbank Financial Telecommunication code. An internationally-recognized identification code for all banks in the world . SWIFT codes are most commonly used for international wire transfers. Swift codes are comprised of 8 or 11 alphanumeric characters. The International Organization of Standardization (IOS) was the authoritative body that approved the creation of SWIFT codes. Below You Will find all swift codes for any country.
How swift codes are defined? Why every single swift code is unique?
Here is the details
- First 4 characters - bank code (only letters)
- Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
- Next 2 characters - location code (letters and digits) (passive participant will have "1" in the second character)
- Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)