|FIRNSZMX||FIRST NATIONAL BANK OF SWAZILAND LIMITED||MBABANE|
|NESWSZMX||NEDBANK (SWAZILAND) LIMITED||MBABANE|
|SABMSZM1||SWAZILAND BEVERAGES LIMITED||MATSAPHA|
|SBICSZMX||STANDARD BANK SWAZILAND LTD||MBABANE|
|SDSBSZMB||SWAZILAND DEVELOPMENT AND SAVINGS BANK||MBABANE|
|SWAOSZM1||SWAZILAND STOCKBROKERS LTD||MBABANE|
|SWAZSZMB||CENTRAL BANK OF SWAZILAND||MBABANE|
A SWIFT code (also known as BIC Code) is a standard format to uniquely identify all banks and financial institutions globally. The SWIFT code is a standard format for BIC - Business Identifier Codes.
If you transfer money internationally you almost always need to use a BIC code, as it’s the way banks, financial institutions and money transfer services figure out where the money needs to go. You can think of a SWIFT/BIC code a bit like a ZIP/postal code. Your bank can use the SWIFT/BIC code to find another bank on the opposite side of the world. Like sending post to an incorrect ZIP code means it might get returned, the same thing can apply for your money and the wrong SWIFT code.
A BIC/SWIFT code can be either 8 or 11 characters long:
AAAA BB CC DDD
There are 2 types of SWIFT code: live and passive. Live codes are for banks 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.