|CBTUTM2A||CENTRAL BANK OF TURKMENISTAN, THE||ASHKHABAD|
|NBPATM22||NATIONAL BANK OF PAKISTAN||ASHKHABAD|
|RYSGTM2A||JOINT-STOCK COMMERCIAL BANK RYSGAL||ASHKHABAD|
|SATUTM21||SAVINGS BANK OF TURKMENISTAN||ASHKHABAD|
|SBFETM22||STATE BANK FOR FOREIGN ECONOMIC AFFAIRS OF TURKMENISTAN||ASHKHABAD|
|SENBTM22||SENAGAT BANK JSCB||ASHKHABAD|
|STCGTM21||STATE COMMERCIAL BANK 'GARASHSYZLYK '||ASHKHABAD|
|TUTCTM2X||TURKMEN TURKISH JOINT STOCK COMMERCIAL BANK||ASHKHABAD|
A SWIFT code - sometimes called a SWIFT number is a standard format to uniquely identify banks and financial institutions across the world. The SWIFT code is a standard format for BIC - Business Identifier Codes.
If you transmit money across international lines you nearly always need to use a SWIFT/BIC 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/BIC 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. Similar to how sending a postcard to an incorrect ZIP code means it might get lost, the same goes for your money and an incorrect 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 financial institutions who are actively 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.