In international financial transactions, SWIFT codes (also known as BIC) play a critical role in ensuring secure and efficient communication between banks. For individuals and businesses looking to transfer funds to Libya's Bank of Commerce and Development, obtaining the correct SWIFT code is particularly important.
Bank of Commerce and Development SWIFT Code Details
The SWIFT code for Bank of Commerce and Development (L.J.S.C.) is CDBLLYLT014 . This alphanumeric code follows the standardized SWIFT/BIC format where each segment carries specific information:
The first four characters CDBL represent the bank code. The following two characters LY indicate Libya as the country. The remaining characters LT014 identify the specific branch location.
Bank Location Information
The bank is headquartered in Benghazi, Libya, with its physical address at: Islamic Call Building, Islamic Call, Benghazi, Benghazi. This geographical information is essential for international financial transactions involving the institution.
Importance of Accurate SWIFT Codes
Using the correct SWIFT code is crucial for international money transfers to prevent delays or misdirected funds. Financial institutions periodically update their SWIFT information, so verifying the code before initiating any transaction is strongly recommended to ensure both security and timely processing.
When sending or receiving international bank transfers involving Bank of Commerce and Development, using CDBLLYLT014 as the SWIFT code will facilitate smooth financial operations.
Conclusion
Understanding and correctly applying SWIFT codes remains a fundamental requirement for international money transfers. Remembering and properly using CDBLLYLT014 for transactions with Bank of Commerce and Development will significantly enhance the efficiency and security of your financial activities.