|BOELKPP1||BANK OF EAST LAND, PYONGYANG||PYONGYANG|
|BRBKKPP1||BRILLIANCE BANKING CORPORATION LTD.||PYONGYANG|
|DCBKKPP1||DAEDONG CREDIT BANK||PYONGYANG|
|FTBDKPP1||FOREIGN TRADE BANK OF THE D.P.R. OF KOREA||PYONGYANG|
|FTBDKPP1KBC||FOREIGN TRADE BANK OF THE D.P.R. OF KOREA||PYONGYANG|
|KCBKKPP1||KORYO COMMERCIAL BANK LTD.||PYONGYANG|
|KDBKKPP1||KOREA DAESONG BANK||PYONGYANG|
|KGCBKPP1||KORYO CREDIT DEVELOPMENT BANK||PYONGYANG|
|KGTBKPP1||GOLDEN TRIANGLE BANK||NAMSAN|
|KKBCKPP1||KOREA KWANGSON BANKING CORP.||PYONGYANG|
|NEABKPP1||NORTH EAST ASIA BANK||PYONGYANG|
A SWIFT code - or SWIFT number is a standard format to uniquely identify banks and financial institutions across the world. The SWIFT code is a standard format for Business Identifier Codes (BIC).
If you send money internationally you almost always need to use a SWIFT code, as it’s the way banks and money transfer services figure out where the money needs to go. You can think of a SWIFT code a bit like an international postal code. A bank on one side of the world finds the right bank on the other side of the world. Like sending post to the wrong ZIP code means it may get lost, the same applies for your money and an incorrect SWIFT code.
A BIC/SWIFT code is either 8 or 11 characters in length:
AAAA BB CC DDD
There are 2 types of SWIFT code: live and passive. Live codes are for institutions who are connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.
SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.
SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.