In international money transfers, selecting the correct SWIFT/BIC code is essential—especially when sending funds to Benghazi, Libya . For transactions involving the Bank of Commerce and Development (L.J.S.C.) , knowing the precise SWIFT code not only enhances transfer efficiency but also safeguards the security of your funds.
It may seem surprising, but a simple alphanumeric sequence can significantly impact the speed and accuracy of cross-border payments. For instance, the SWIFT/BIC code CDBLLYLT012 identifies the Bank of Commerce and Development’s branch located in the Alfurasia Investment Club Complex in Benghazi . This code serves as a critical credential in financial transactions, enabling banks to accurately route funds between institutions.
When initiating transfers using CDBLLYLT012 , senders can expect seamless cross-border movement of funds. For example, a transfer of $10,000.00 to France would typically yield approximately €8,458.00 for the recipient. Here, the accuracy of the SWIFT/BIC code proves indispensable in ensuring timely delivery. Overlooking this detail risks delays and may incur unnecessary fees.
The Bank of Commerce and Development (L.J.S.C.) maintains rigorous protocols to update and validate its SWIFT codes, aligning with evolving financial regulations. Such measures underscore the institution’s commitment to security and operational excellence while reinforcing client trust. Before initiating any international transfer, verifying the latest SWIFT/BIC code is strongly advised.
In summary, the correct SWIFT/BIC code—such as CDBLLYLT012 —is far more than a random combination of characters. It is a cornerstone of secure and efficient global transactions. Whether for individuals or businesses, attention to these details directly influences the success of cross-border payments.