codes

[Former Member]

what is the SWIFT code ?

[former_member200240]

Hi Radwa

SWIFT- Society for Worldwide Interbank Financial Telecommunications

It is a network of over 7000 FI & Banks all over the world and each one is assigned a Unique Code, that is called SWIFT Code. It is a secure (not confidential) way of transferring funds among members.

International vendor payments are generally routed thro SWIFT member banks for easy, efficient and secure fund transfer.

S Jayaram

[JozsefSzikszai]

hi Radwa,

SWIFT code are few characters which differenciate banks. Each bank has one (and only one) SWIFT code. It is used in international money transfers. In SAP it is maintained in BNKA-SWIFT.

hope this helps

ec

[Former Member]

hello,

swift code are nothiung but only the confidential electronic codes given by banks to transfer the fund fom one place to other or internationally through net.

[JozsefSzikszai]

Prem: 'confidential' ??? Since when???

[Former Member]

wht do u mean sir by prem:confidential??sinc when?? t

[JozsefSzikszai]

I mean, it is not confidential at all and I have no idea people from where get such information.