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Swift Code For Banks. SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution. Passive participants codes are excluded from the list.

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It's used to identify banks and financial institutions globally. The SWIFT Codes are a standard format for Bank Identifier Codes (BICs) used to identify banks and other financial and non-financial institutions around the world. These codes are used for international money transfer between banks.

It is technically used to identify banks and financial institutions globally distinctively - it says who and where they are.

These SWIFT codes are only the active participants who are connected to SWIFT network.

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SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, while BIC is short for Bank Identifier Code. There are thousands of banks with lacks of branches. SWIFT in its role of ISO registration authority issues BICs to financial and non-financial institutions.