Swift system digital currency
Publish: 2021-05-13 17:58:26
1. It depends on which bank, many of them are the same, but like HSBC, different countries will be worse
2. Yes.
3. Swift is the most important financial communication network system in international settlement. Through this system, we can connect all the financial institutions that do not interact with each other in the world, and exchange information
4. Swift code is the code of a bank, and it is the code of global banking telecommunication system<
it is similar to an ID card used to identify a bank.
it has nothing to do with currency
it is similar to an ID card used to identify a bank.
it has nothing to do with currency
5. About SWIFT
SWIFT is the financial instry-owned co-operative supplying secure, standardised messaging services and interface software to 7,800 financial institutions in more than 200 countries. SWIFT' s worldwide community includes banks, broker/dealers and investment managers, as well as their market infrastructures in payments, securities, treasury and trade.
SWIFT consistently delivers quantifiable business value and proven technical excellence to its members through its comprehensive messaging standards, the security, reliability and ‘five nines’ availability of its messaging platform and its role in advancing STP. The guiding principles of SWIFT are clear: to offer the financial services instry a common platform of advanced technology and access to shared solutions through which each member can build its competitive edge. Over the past ten years SWIFT mes Swift, also known as "global Interbank Financial Telecommunication Association", is an international cooperation organization among international banks, which was established in 1973, At present, most banks in most countries have used swift system. With the use of swift, the bank settlement provides a safe, reliable, fast, standardized and automated communication service, which greatly improves the settlement speed of the bank. As the format of swift is standardized, the current format of L / C is mainly using swift message, so it is necessary to understand swift< 2. Swift features
1. Swift needs membership. Most professional banks in China are members of them< The cost of swift is low. For the same amount of content, the cost of swift is only about 18% of that of telex and about 2.5% of that of cable
3. Swift has high security. Swift is more reliable, more secure and more automatic than telex
4. The format of swift is standardized. For the swift message, the swift organization has a unified requirement and format< (3) the presentation of swift message
1. Project expression
swift is composed of project (field), such as: 59 benefiary (Beneficiary), which is a project. 59 is the code of the project, which can be expressed by two digits or two digits plus letters, such as 51A
applicant. Different codes mean different meanings. The project also stipulates a certain format, and all kinds of swift messages must be expressed in this format
in the swift message, some items are mandatory (mandatory
field), some items are optional (optional field), and the required items are required, such as: 31d
date and place of expiry (validity period of L / C). The optional items are additional items, which may not exist in every L / C, For example: 39B
maximum credit amount
2. Date expression
the date of swift message is yymmdd (year, year, day)
for example, May 12, 1999 is 990512
March 15, 2000, expressed as: 000315< December 9, 2001 is 011209
3. Numeral expression
in swift message, numeral does not use cell number, decimal point is represented by comma ","
for example: 5152286.36 means: 5152286, 36
4 / 5 means: 0, 8< 4. Currency expression
Australian Dollar: aud
Austrian dollar: ATS
Belgian Franc: bef
Canadian Dollar: CAD
RMB: CNY
DKK
Deutsche Mark: DEM
Dutch guilder: NLG
Finnish mark: FIM
French franc: FRF
Hong Kong dollar: HKD<
Italian lira: ITL
Japanese Yen: JPY
NOK
GBP
SEK< 4. Expressions of common items in L / C
1. Opening of documentary L / C (mt700)
20 document credit number is required
23 reference to pre-advice is optional
if the L / C adopts the method of pre-notice, the following items can be selected:, The item should be filled with & quot; PREADV/"， Plus the number or date of the advance notice
27 sequence of total is required
31C date of issue is optional
if this item is not filled in, the date of issuing is the date of sending the message<
31d date and place of expiry is required
this date is the date of final presentation
required 32B currency code, amount (currency and amount of L / C settlement)
optional 39A percentage Credit Amount Tolerance
this item is expressed in a special way, such as 5 / 5, which means that the maximum fluctuation is 5%. 39B and 39A cannot appear at the same time<
optional 39B maximum credit amount
39B and 39A cannot appear at the same time
optional 39C additional accounts covered (additional amount)
indicates the amount of insurance premium, interest, freight, etc. involved in the letter of credit<
40A form of documentary credit is required
there are six forms of documentary credit:
(1) irrecible documentary credit
(2) revocable documentary credit
(3) irrecible transferable documentary credit
(4) revocable transfer (5) revocable standby letter of credit
(6) revocable standby letter of credit
41a available with... By... (designated bank and method of credit cashing)
(1) designated bank as payment, acceptance and negotiation
(2) there are five ways of cashing: by payment (payment at sight); By
acceptance; By negotiation; By def payment; By
mixed payment<
(3)
if it is a free Negotiation L / C, there is no restriction on the negotiation place of the L / C. the item code is 41D, and the content is any
Bank in...
optional 42a draw
must appear at the same time as 42C
optional 42C drafts at...
must appear at the same time as 42a
optional 42m mixed payment details
optional 42p delayed payment details
optional 43P partial shipment terms
indicates whether the goods under this L / C can be shipped in batches<
optional 43T transshipment clause
indicates whether the L / C arrives directly or through transshipment
optional 44a loading on board / dispatch / taking in
charge at / form
optional 44B for transportation to...
optional 44c last date of shipment
latest date of shipment. 44c and 44d cannot appear at the same time<
optional 44d shipment period
44c and 44d cannot appear at the same time
optional 45A description of goods and / or
Services
conditions and price terms of goods
optional 46a documents required
requirements for various documents
optional 47a additional conditions
optional 48 period for presentation
indicates how many days after the shipping documents are issued
required 49 confirmation instructions
among them, confirm
: requires the confirming bank to confirm the credit
may add
: the receiving bank can add confirmation to the credit< With out: do not ask the receiving bank to confirm the credit
50 applicant (applicant for L / C)
usually the importer
51A applicant bank is optional
53a reimbursement bank is optional
57A & quot; ADVISE THROUGH" Bank is usually the exporter
optional 71B charges (Fees)
indicates whether the fees are paid by the beneficiary (exporter). If there is no such clause, it means that the applicant (importer) issuing the L / C will pay all kinds of fees except negotiation fee and transfer fee
optional 72 sender to receiver information (postscript)
optional 78 instruction to the
paying / accepting / negotiating bank
(instructions to paying bank, acceptance bank and negotiation bank)
2. Amendment of letter of credit (mt707)
required 20 sender & 39; S reference (L / C number)
21 receiver & 39 is required; S reference (number of receiving bank)
if the bank sending the message does not know the number of receiving bank, fill in & quot; NONREF"
optional 23 issuing bank & # 39; S reference (number of issuing bank)
optional 26e number of amendments
the number of amendments of the L / C should be arranged in order
optional 30 date of amendment
if this item is not filled in in the amendment of L / C, the amendment date is the date of dispatch
select 31C date of issue
if this item is not filled in, then the date of issue is the date of sending the message
optional 31E new date of expiry
validity of L / C modification
optional 32B increase of documentary credit
amount
optional 33b decrease of documentary credit
optional 34B new documentary credit amount after amount
optional 39A percentage credit amount total This item is expressed in a special way. The value represents the percentage value, such as 5 / 5, which means up and down
SWIFT is the financial instry-owned co-operative supplying secure, standardised messaging services and interface software to 7,800 financial institutions in more than 200 countries. SWIFT' s worldwide community includes banks, broker/dealers and investment managers, as well as their market infrastructures in payments, securities, treasury and trade.
SWIFT consistently delivers quantifiable business value and proven technical excellence to its members through its comprehensive messaging standards, the security, reliability and ‘five nines’ availability of its messaging platform and its role in advancing STP. The guiding principles of SWIFT are clear: to offer the financial services instry a common platform of advanced technology and access to shared solutions through which each member can build its competitive edge. Over the past ten years SWIFT mes Swift, also known as "global Interbank Financial Telecommunication Association", is an international cooperation organization among international banks, which was established in 1973, At present, most banks in most countries have used swift system. With the use of swift, the bank settlement provides a safe, reliable, fast, standardized and automated communication service, which greatly improves the settlement speed of the bank. As the format of swift is standardized, the current format of L / C is mainly using swift message, so it is necessary to understand swift< 2. Swift features
1. Swift needs membership. Most professional banks in China are members of them< The cost of swift is low. For the same amount of content, the cost of swift is only about 18% of that of telex and about 2.5% of that of cable
3. Swift has high security. Swift is more reliable, more secure and more automatic than telex
4. The format of swift is standardized. For the swift message, the swift organization has a unified requirement and format< (3) the presentation of swift message
1. Project expression
swift is composed of project (field), such as: 59 benefiary (Beneficiary), which is a project. 59 is the code of the project, which can be expressed by two digits or two digits plus letters, such as 51A
applicant. Different codes mean different meanings. The project also stipulates a certain format, and all kinds of swift messages must be expressed in this format
in the swift message, some items are mandatory (mandatory
field), some items are optional (optional field), and the required items are required, such as: 31d
date and place of expiry (validity period of L / C). The optional items are additional items, which may not exist in every L / C, For example: 39B
maximum credit amount
2. Date expression
the date of swift message is yymmdd (year, year, day)
for example, May 12, 1999 is 990512
March 15, 2000, expressed as: 000315< December 9, 2001 is 011209
3. Numeral expression
in swift message, numeral does not use cell number, decimal point is represented by comma ","
for example: 5152286.36 means: 5152286, 36
4 / 5 means: 0, 8< 4. Currency expression
Australian Dollar: aud
Austrian dollar: ATS
Belgian Franc: bef
Canadian Dollar: CAD
RMB: CNY
DKK
Deutsche Mark: DEM
Dutch guilder: NLG
Finnish mark: FIM
French franc: FRF
Hong Kong dollar: HKD<
Italian lira: ITL
Japanese Yen: JPY
NOK
GBP
SEK< 4. Expressions of common items in L / C
1. Opening of documentary L / C (mt700)
20 document credit number is required
23 reference to pre-advice is optional
if the L / C adopts the method of pre-notice, the following items can be selected:, The item should be filled with & quot; PREADV/"， Plus the number or date of the advance notice
27 sequence of total is required
31C date of issue is optional
if this item is not filled in, the date of issuing is the date of sending the message<
31d date and place of expiry is required
this date is the date of final presentation
required 32B currency code, amount (currency and amount of L / C settlement)
optional 39A percentage Credit Amount Tolerance
this item is expressed in a special way, such as 5 / 5, which means that the maximum fluctuation is 5%. 39B and 39A cannot appear at the same time<
optional 39B maximum credit amount
39B and 39A cannot appear at the same time
optional 39C additional accounts covered (additional amount)
indicates the amount of insurance premium, interest, freight, etc. involved in the letter of credit<
40A form of documentary credit is required
there are six forms of documentary credit:
(1) irrecible documentary credit
(2) revocable documentary credit
(3) irrecible transferable documentary credit
(4) revocable transfer (5) revocable standby letter of credit
(6) revocable standby letter of credit
41a available with... By... (designated bank and method of credit cashing)
(1) designated bank as payment, acceptance and negotiation
(2) there are five ways of cashing: by payment (payment at sight); By
acceptance; By negotiation; By def payment; By
mixed payment<
(3)
if it is a free Negotiation L / C, there is no restriction on the negotiation place of the L / C. the item code is 41D, and the content is any
Bank in...
optional 42a draw
must appear at the same time as 42C
optional 42C drafts at...
must appear at the same time as 42a
optional 42m mixed payment details
optional 42p delayed payment details
optional 43P partial shipment terms
indicates whether the goods under this L / C can be shipped in batches<
optional 43T transshipment clause
indicates whether the L / C arrives directly or through transshipment
optional 44a loading on board / dispatch / taking in
charge at / form
optional 44B for transportation to...
optional 44c last date of shipment
latest date of shipment. 44c and 44d cannot appear at the same time<
optional 44d shipment period
44c and 44d cannot appear at the same time
optional 45A description of goods and / or
Services
conditions and price terms of goods
optional 46a documents required
requirements for various documents
optional 47a additional conditions
optional 48 period for presentation
indicates how many days after the shipping documents are issued
required 49 confirmation instructions
among them, confirm
: requires the confirming bank to confirm the credit
may add
: the receiving bank can add confirmation to the credit< With out: do not ask the receiving bank to confirm the credit
50 applicant (applicant for L / C)
usually the importer
51A applicant bank is optional
53a reimbursement bank is optional
57A & quot; ADVISE THROUGH" Bank is usually the exporter
optional 71B charges (Fees)
indicates whether the fees are paid by the beneficiary (exporter). If there is no such clause, it means that the applicant (importer) issuing the L / C will pay all kinds of fees except negotiation fee and transfer fee
optional 72 sender to receiver information (postscript)
optional 78 instruction to the
paying / accepting / negotiating bank
(instructions to paying bank, acceptance bank and negotiation bank)
2. Amendment of letter of credit (mt707)
required 20 sender & 39; S reference (L / C number)
21 receiver & 39 is required; S reference (number of receiving bank)
if the bank sending the message does not know the number of receiving bank, fill in & quot; NONREF"
optional 23 issuing bank & # 39; S reference (number of issuing bank)
optional 26e number of amendments
the number of amendments of the L / C should be arranged in order
optional 30 date of amendment
if this item is not filled in in the amendment of L / C, the amendment date is the date of dispatch
select 31C date of issue
if this item is not filled in, then the date of issue is the date of sending the message
optional 31E new date of expiry
validity of L / C modification
optional 32B increase of documentary credit
amount
optional 33b decrease of documentary credit
optional 34B new documentary credit amount after amount
optional 39A percentage credit amount total This item is expressed in a special way. The value represents the percentage value, such as 5 / 5, which means up and down
6. Yes, commercial banks all over the world need to join the swift system to operate globally. The basic condition is that they must use the international standard code of currency. This is the rule for the global financial instry to be in line with, otherwise it will not be able to operate for any reason.
7.
Swift is the most important financial communication network system in international settlement. Through this system, we can connect all the financial institutions that are not in contact with each other in the world to exchange information
the system mainly provides communication services, and is designed to transmit various information related to exchange for its member financial institutions. After receiving the information, the member bank transfers it to the corresponding fund allocation system or clearing system, and then the latter performs all kinds of necessary fund transfer processing. As the format of swift is standardized, the current format of L / C is mainly using swift message
extended information:
swift is headquartered in Brussels, Belgium, and has set up exchange centers in Amsterdam, the Netherlands and New York, USA. It also has set up hub Centers for participating countries to provide fast, accurate and excellent services for international financial business
swift operates a world-class financial message network, through which banks and other financial institutions exchange messages with their peers to complete financial transactions. In addition, swift also sells software and services to financial institutions, most of which are using the swift network. Swift aims to provide its members with low-cost and efficient customs clearance services in all financial markets to meet the needs of its members' financial institutions and their end customers
8. Swift is an inter-bank telecommunication system, through which money transfer and settlement between banks are completed. The telegraphic transfer is completed through the message of mt1xx, and the collection is completed through the message of mt2xx. Letter of credit and letter of guarantee business is completed through mt7xx message.
9. Swift, also known as "global Interbank Financial Telecommunication Association", is an international cooperation organization among international banks. It was founded in 1973. At present, most banks in most countries in the world have used swift system
BIC = banking identity code. Equivalent to the swift number of the bank
BIC = banking identity code. Equivalent to the swift number of the bank
10. Swift, also known as "global Interbank Financial Telecommunication Association", is an international cooperation organization among international banks. It was founded in 1973. At present, most banks in most countries in the world have used swift system. With the use of swift, the bank settlement provides a safe, reliable, fast, standardized and automated communication service, which greatly improves the settlement speed of the bank. As the format of swift is standardized, the current format of L / C is mainly using swift message
Swift (Society for Worldwide Interbank Financial Telecommunications) is an international non-profit inter-bank international cooperation organization, headquartered in Brussels, Belgium, with switching centers in Amsterdam, the Netherlands and New York, USA, And set up national concentration for participating countries to provide fast, accurate and excellent services for international financial business. Swift operates a world-class financial message network, through which banks and other financial institutions exchange messages with peers to complete financial transactions. In addition, swift also sells software and services to financial institutions, most of which are using the swift network<
swift bank identification code
every bank applying to join the swift organization must formulate the swift address code of the bank in advance according to the unified principles of the swift organization, which will take effect after being approved by the swift organization. Bank Identifier Code (BIC) is composed of eight or eleven English letters or Arabic numerals that can be automatically interpreted by computer. It is used to clearly distinguish different financial institutions related to financial transactions in swift messages. Every member bank of the association has its own specific swift code, namely swift code. In the case of wire transfer, the remitting bank can remit the money to the receiving bank by sending the payment message according to the swift code of the receiving bank. The number is equivalent to the ID number of each bank.
BIC with 11 digits or letters can be divided into four parts: bank code, country code, region code and branch code. Taking Beijing Branch of Bank of China as an example, its bank identification code is bkchcnbj300. Its meaning is: bkch (bank code), CN (country code), BJ (region code), 300 (branch code)
(1) Bank Code: it is composed of four English letters. Each bank has only one bank code, which is determined by itself. It is usually the abbreviation of the bank's name and is applicable to all its branches
(2) country code: it is composed of two English letters to distinguish the country and geographical region of the user
(3) location code: it is composed of two digits or two letters other than 0 and 1 to distinguish the geographical location of the country, such as time zone, province, state, city, etc
(4) branch code: it is composed of three letters or numbers and is used to distinguish a branch, organization or department in a country. If the BIC of a bank has only eight digits and no branch code, its initial value is set as "XXX"
at the same time, swift also compiles a code for banks that have not joined the swift organization according to this rule instead of entering their full bank name in the message. All such codes are marked with "BIC" in the last three digits to distinguish them from the swift address code of the official swift member bank
the query method of swift code
to query the swift code of a bank, the recommended method is:
(1) go to the bank directly to ask the staff
(2) call for consultation< (3) search through the official website of swift:
① accurate search. After entering the website, if you know the bank's swift code or institution keyword, you can quickly search its information; For example, the keyword of Bank of China is Bank of China. You can query the swift code of Bank of China's branches all over the world, including the codes of mainland China. As can be seen from the search results, all the first 8 digits of mainland branches are BKCHCNBJ. You can directly enter these 8 digits under BIC search to list the swift codes of all branches of domestic banks of China
② if it is not clear, you can go to another query page for detailed search, and click the position below to enter<
swift code of domestic bank head offices
Bank of China: BKCHCNBJ
Instrial and Commercial Bank: icbkcnbj
Construction Bank: PCBCCNBJ
Agricultural Bank: ABOCCNBJ
China Merchants Bank: CMBCCNBS
Bank of Communications: commcn
China CITIC Bank: cibkcnbj
Instrial Bank: fjibcnba
Minsheng Bank: msbccnbj
Huaxia Bank: hxbkcn
Shanghai Pudong Development Bank: SP Dbcnsh
HSBC: hsbccnsh
Standard Chartered: scblcnsx
Citibank: citicnsx
Deutsche Bank: deutcnsh
Swiss bank: ubswcnbj
abnacnsh
Hongkong HSBC: blichkk
Hongkong Citibank: citihk
Hongkong East Asia Bank: beascnsh
the Arabic numeral code of branch should be added after the code.
Swift (Society for Worldwide Interbank Financial Telecommunications) is an international non-profit inter-bank international cooperation organization, headquartered in Brussels, Belgium, with switching centers in Amsterdam, the Netherlands and New York, USA, And set up national concentration for participating countries to provide fast, accurate and excellent services for international financial business. Swift operates a world-class financial message network, through which banks and other financial institutions exchange messages with peers to complete financial transactions. In addition, swift also sells software and services to financial institutions, most of which are using the swift network<
swift bank identification code
every bank applying to join the swift organization must formulate the swift address code of the bank in advance according to the unified principles of the swift organization, which will take effect after being approved by the swift organization. Bank Identifier Code (BIC) is composed of eight or eleven English letters or Arabic numerals that can be automatically interpreted by computer. It is used to clearly distinguish different financial institutions related to financial transactions in swift messages. Every member bank of the association has its own specific swift code, namely swift code. In the case of wire transfer, the remitting bank can remit the money to the receiving bank by sending the payment message according to the swift code of the receiving bank. The number is equivalent to the ID number of each bank.
BIC with 11 digits or letters can be divided into four parts: bank code, country code, region code and branch code. Taking Beijing Branch of Bank of China as an example, its bank identification code is bkchcnbj300. Its meaning is: bkch (bank code), CN (country code), BJ (region code), 300 (branch code)
(1) Bank Code: it is composed of four English letters. Each bank has only one bank code, which is determined by itself. It is usually the abbreviation of the bank's name and is applicable to all its branches
(2) country code: it is composed of two English letters to distinguish the country and geographical region of the user
(3) location code: it is composed of two digits or two letters other than 0 and 1 to distinguish the geographical location of the country, such as time zone, province, state, city, etc
(4) branch code: it is composed of three letters or numbers and is used to distinguish a branch, organization or department in a country. If the BIC of a bank has only eight digits and no branch code, its initial value is set as "XXX"
at the same time, swift also compiles a code for banks that have not joined the swift organization according to this rule instead of entering their full bank name in the message. All such codes are marked with "BIC" in the last three digits to distinguish them from the swift address code of the official swift member bank
the query method of swift code
to query the swift code of a bank, the recommended method is:
(1) go to the bank directly to ask the staff
(2) call for consultation< (3) search through the official website of swift:
① accurate search. After entering the website, if you know the bank's swift code or institution keyword, you can quickly search its information; For example, the keyword of Bank of China is Bank of China. You can query the swift code of Bank of China's branches all over the world, including the codes of mainland China. As can be seen from the search results, all the first 8 digits of mainland branches are BKCHCNBJ. You can directly enter these 8 digits under BIC search to list the swift codes of all branches of domestic banks of China
② if it is not clear, you can go to another query page for detailed search, and click the position below to enter<
swift code of domestic bank head offices
Bank of China: BKCHCNBJ
Instrial and Commercial Bank: icbkcnbj
Construction Bank: PCBCCNBJ
Agricultural Bank: ABOCCNBJ
China Merchants Bank: CMBCCNBS
Bank of Communications: commcn
China CITIC Bank: cibkcnbj
Instrial Bank: fjibcnba
Minsheng Bank: msbccnbj
Huaxia Bank: hxbkcn
Shanghai Pudong Development Bank: SP Dbcnsh
HSBC: hsbccnsh
Standard Chartered: scblcnsx
Citibank: citicnsx
Deutsche Bank: deutcnsh
Swiss bank: ubswcnbj
abnacnsh
Hongkong HSBC: blichkk
Hongkong Citibank: citihk
Hongkong East Asia Bank: beascnsh
the Arabic numeral code of branch should be added after the code.
Hot content