In today's globalized financial landscape, accurate identification of a bank's SWIFT/BIC code is crucial for seamless cross-border transactions. Many users, however, remain unfamiliar with this efficient international payment system. This article provides a detailed breakdown of Svenska Handelsbanken AB's SWIFT/BIC code structure to help prevent unnecessary delays in your international transfers.
Decoding the SWIFT/BIC: HANDSESSASM
Svenska Handelsbanken AB's primary SWIFT/BIC code is HANDSESSASM , consisting of 8-11 characters that convey essential banking information:
- Bank Code (HAND) : Identifies Svenska Handelsbanken AB
- Country Code (SE) : Indicates Sweden as the bank's home country
- Location Code (SS) : Specifies the bank's headquarters
- Branch Code (ASM) : Identifies a specific branch (XXX denotes headquarters)
The complete SWIFT code for Svenska Handelsbanken AB's head office is HANDSESS , with the branch-specific code ASM corresponding to its Stockholm location at Blasieholmstorg 11.
Essential Verification Steps
To ensure successful international transfers, consider these critical checks:
- Bank Name Verification : Confirm the recipient bank name matches exactly with your records
- Branch Validation : When using branch-specific codes, verify the recipient's actual branch
- Country Code Accuracy : Ensure the SWIFT code reflects the correct destination country
Proper SWIFT code verification significantly reduces transaction errors and processing delays. For those conducting frequent international business with Svenska Handelsbanken AB, understanding these coding conventions represents a fundamental aspect of global financial operations.
In modern financial transactions, knowledge translates directly to efficiency. Mastering these banking identifiers empowers businesses and individuals to navigate international commerce with confidence.