Swift Codes For Banks. Search SWIFT Codes of International Banks Branches Address for online It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be. Canadian Imperial Bank Of Commerce (CIBC).
It stands for Society for Worldwide Interbank Financial Telecommunication.
These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks.
SWIFT Codes Scope of NRI services - SBI Foreign offices NRE / NRO account opening procedure Modes of Banking. It is also known as SWIFT-BIC, BIC code, SWIFT ID or SWIFT code. These correspondent banks work together to move your money from one place to another, before it finally reaches your recipient.