Abacus Financial Group Inc SWIFT Code (BIC) is ABFGUS41XXX. Here you can will find detailed information about the swift code of Abacus Fina...
Abacus Financial Group Inc SWIFT Code (BIC) is ABFGUS41XXX. Here you can will find detailed information about the swift code of Abacus Financial Group Inc.
Abacus Financial Group Inc's SWIFT ID / address and information are as follows:
Institution | ABACUS FINANCIAL GROUP INC. |
---|---|
Branch name | - |
Branch code | XXX |
Alternative options | - |
Address | 10 SOUTH WAKER DR. |
City | CHICAGO,IL |
Postal code / Location | CHICAGO,IL 60606 |
Country | UNITED STATES OF AMERICA (USA) |
SWIFT code |
ABFGUS41XXX |
SWIFT code(8 characters) |
ABFGUS41 |
BIC Code analysis | 8-letter swift code: ABFGUS41 Branch code: XXX Institution's 4-letter code: ABFG Country code: US Location code: 41 Participant status: 1 (passive participant in the SWIFT network) |
About SWIFT Code
SWIFT (Society for Worldwide
Interbank Financial Telecommunication) code is a standard format of
Business Identifier Code / Bank Identifier Code (BIC), and it is
used to identify a particular bank or branch for international money
transferring. It makes sure that the money send to the right place
(Bank/branch), and banks use these codes for exchanging messages between
them. The SWIFT codes use network to transmit wire transfers. For
international wire transfers, swift codes are always required in order
to make transactions secure and fast.
SWIFT
code is most common name but it also known as SWIFT ID, SWIFT-BIC, SWIFT
address, BEI (Business Entity Identifier), S.W.I.F.T and ISO 9362. The
ISO 9362 is standard format and it has been approved by the ISO
organization.
Details of SWIFT code
SWIFT code
consist of 8 or 11 characters. 8 digit codes refer the primary / main
office of the bank or financial institute. 11 digit codes represent
specific branch of the bank or financial institute. SWIFT code formatted
as below example:
AAAA BB CC DDD
It can be broken down as follows:
- First four characters (AAAA) are bank code with only letters.
- Next two characters (5th and 6th characters; BB) are following ISO 3166-1 alpha-2 standard for country code (letters only). Ex: US for United States, GB for Great Briton, CA for Canada.
- Another next 2 characters (7th and 8th characters; CC) are location code. Ex: FF for Frankfurt, KK for Copenhagen. If it “0”, typically it is a BIC assigned for testing purposes. If it “1”, it denotes a passive participant. If it "2", typically it denotes a “reverse billing” BIC.
- Last three characters (DDD) are branch code with letters and digits. Optionally XXX could use to referring to the main office. If this section is ignored, there would be a 8-character swift code, and there is no referral to branch.
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