SWIFT Code MLCOKRS1 Merrill Lynch And Company Inc South Korea

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.) These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. SWIFT and BIC codes are basically the same.

The SWIFT code is 8 or 11 characters?

• MLCO 4 letters: Institution Code or bank code. (Merrill Lynch And Company Inc )
• KR 2 letters: ISO 3166-1 alpha-2 country code (South Korea)
• S1 2 letters or digits: location code
• If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
• If the second character is "1", then it denotes a passive participant in the SWIFT network
• If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
• last 3 letters or digits: branch code.
• Where an 8-digit code is given, it may be assumed that it refers to the primary office.

SWIFT Code Merrill Lynch And Company Inc South Korea

SWIFT Code Merrill Lynch And Company Inc used to Transfer fund to Internationl Merrill Lynch And Company Inc s. SWIFTCode Merrill Lynch And Company Inc South Korea are provide the broadest coverage of national Merrill Lynch And Company Inc identifiers. SWIFT Code is identifying Merrill Lynch And Company Inc es in South Korea ([countryshor]). SWIFT Code of Merrill Lynch And Company Inc is unique for each in South Korea ([countryshor]). Merrill Lynch And Company Inc is located in Seoul Seoul, South Korea South Korea and Merrill Lynch And Company Inc The SWIFT code is MLCOKRS1 .