In today's globalized financial landscape, the importance of SWIFT/BIC codes cannot be overstated. Incorrect codes often lead to delayed or failed international transfers. For instance, HASEHKHHGPI is the SWIFT/BIC code for Hang Seng Bank Limited , playing a pivotal role in facilitating cross-border payments. This article examines the structure of SWIFT/BIC codes and outlines key measures to ensure their accurate use.
Understanding SWIFT/BIC Code Structure
SWIFT/BIC codes consist of 8 to 11 alphanumeric characters, uniquely identifying banks and their branches worldwide. The components of HASEHKHHGPI are as follows:
- Bank Code (HASE) : A 4-letter identifier for Hang Seng Bank Limited.
- Country Code (HK) : A 2-letter designation for Hong Kong, the bank's registered jurisdiction.
- Location Code (HH) : Specifies the bank's headquarters.
- Branch Code (GPI) : A 3-character suffix denoting a specific branch; "XXX" typically represents the head office.
Hang Seng Bank Limited's complete SWIFT/BIC code is HASEHKHHGPI , with its registered address at 83 Des Voeux Road, Central.
Ensuring Accurate SWIFT Code Usage
To prevent transactional errors, verify the following before initiating international transfers:
- Bank Verification : Confirm the recipient bank's name matches the SWIFT code provider.
- Branch Validation : Cross-check branch-specific codes with the recipient's branch details.
- Country Alignment Ensure the code corresponds to the recipient's country, as multinational banks may have regional variations.
Accurate use of Hang Seng Bank Limited's SWIFT/BIC code ( HASEHKHHGPI ) streamlines international transactions while safeguarding financial security. Always double-check payment details to ensure seamless fund transfers.