Swift:International Banking Nonprofit Swift:International is an international cooperative among international bankers that aims to make bank settlements provide secure, reliable, fast, standardized, and automated communication services, thereby greatly increasing the speed of bank settlements.

The Swift Organization was founded in 1973. Currently most banks in most countries around the world have used the SWIFT system; due to the standardized format of SWIFT, the format of letters of credit are now mainly in SWIFT messages.

SWIFT full name: (Society for Worldwide Interbank FinancialTelecommunications --- Global Interbank Financial Telecommunications Association)

If your bank is a well-known bank, such as Bank of China, then the other bank can find the corresponding code by looking up the Swift code list. Of course your recipient bank can reduce the chance of errors by actively providing the code.

SWIFT bank identification code consists of the following components: Bank Code: composed of four easily identifiable bank initials; Country Code: composed of two letters according to the International Organization for Standardization; Location Code: consists of two digits or letters, indicating the city; Branch Code: consists of three digits or letters, indicating the branch.

At the same time, SWIFT also prepares a code for banks that are not part of the SWIFT organization, in accordance with these rules, instead of entering the full name of the bank in the message. All such codes have the three letters "BIC" in the last three digits to distinguish them from the SWIFT address codes of official SWIFT member banks.

The eleven digit or alphabetic BIC can be split into four parts: bank code, country code, area code and branch code. Bank of China Beijing Branch, for example, its bank identification code is BKCHCNBJ300, its meaning: BKCH (bank code), CN (country code), BJ (area code), 300 (branch code).

1. Bank Code (Bank Code): consists of four letters, each bank has only one bank code, and is self-defined, usually the bank's line initials, applicable to all its branches.

2. Country Code (Country Code): composed of two letters, to distinguish the user's country and geographical area.

3, the area code (Location Code): by 0, 1 outside the two numbers or two letters, to distinguish the geographical location of the country, such as time zones, provinces, states, cities, etc..

4, Branch Code (Branch Code): composed of three letters or numbers, used to distinguish a branch, organization or department in a country. If the bank's BIC has only eight digits and no branch code, the initial value is set to "XXX".

At the same time, SWIFT also prepares a code in place of entering the full name of the bank in the message for banks that are not members of the SWIFT organization, in accordance with these rules. All such codes have the last three letters of "BIC" added to them to distinguish them from the SWIFT address codes of official SWIFT member banks.

Do foreign exchange margin, withdrawals dealers require investors to fill in the swift code of the domestic recipient bank, in order to quickly out of the gold. For investors who have not done the international wire transfer to either go to their own bank to open an account to check, or can be directly online:

method one: direct Chinese online swift code library http://www.hubsky.com/swift.html

Method 2: First log on to http://www.swift.com/bsl/

then enter the following 8-bit code in the BIC column (you want to check which line of the input You can find all the SWIFTs in this line by filling in the Challenge response column and clicking on the "search" button. In fact, as long as the first 8 digits of the swift code (international wire transfer code) are filled in correctly, the funds hitting the country will basically find your account.