In today's globalized financial landscape, efficient fund transfers are essential for both individuals and businesses. When sending or receiving international payments, one crucial element ensures the smooth arrival of funds: the correct SWIFT/BIC code. For transactions involving Libya's BANK OF COMMERCE AND DEVELOPMENT (L.J.S.C.), the code CDBLLYLT015 serves as this critical identifier.
Decoding CDBLLYLT015
This SWIFT code comprises three distinct components: CDB represents the bank code for BANK OF COMMERCE AND DEVELOPMENT, LY denotes Libya's country code, and LT015 identifies the specific branch location. Understanding this structure proves vital for international financial operations.
Bank Profile
BANK OF COMMERCE AND DEVELOPMENT operates from its headquarters in Benghazi, Libya. The complete address — EL BERKA BUILDING, JAMAL ABDULNASER STREET, BENGHAZI, BENGHAZI, LIBYA — serves dual purposes: it provides necessary location details for international transfers while ensuring accurate fund delivery.
Practical Applications
During international banking transactions, proper SWIFT/BIC code usage becomes paramount. The code CDBLLYLT015 performs multiple functions: it verifies the bank's identity, directs transfers to the correct branch, and streamlines interbank communication across borders.
Both individual and corporate clients benefit from accurate SWIFT code implementation, which safeguards funds and accelerates transaction processing. Given increasing financial market complexity, banking institutions globally recommend verifying all transfer details — including SWIFT codes — to minimize errors and processing delays.
Conclusion
Proper utilization of CDBLLYLT015 ensures efficient international fund transfers involving BANK OF COMMERCE AND DEVELOPMENT. As global financial interactions intensify, mastering such technical details fosters economic collaboration while establishing transactional reliability.