SWIFT Code OVTFNZ21 Overseas Trade Finance New Zealand

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?

• OVTF 4 letters: Institution Code or bank code. (Overseas Trade Finance)
• NZ 2 letters: ISO 3166-1 alpha-2 country code (New Zealand)
• 21 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 Overseas Trade Finance New Zealand

SWIFT Code Overseas Trade Finance used to Transfer fund to Internationl Overseas Trade Finances. SWIFTCode Overseas Trade Finance New Zealand are provide the broadest coverage of national Overseas Trade Finance identifiers. SWIFT Code is identifying Overseas Trade Finance es in New Zealand ([countryshor]). SWIFT Code of Overseas Trade Finance is unique for each in New Zealand ([countryshor]). Overseas Trade Finance is located in Auckland Auckland, New Zealand New Zealand and Overseas Trade Finance The SWIFT code is OVTFNZ21 .