When conducting international wire transfers, ensuring funds reach the intended account accurately and promptly hinges on selecting the correct SWIFT/BIC code. For instance, UBSWLULLTA1 is the SWIFT code for UBS Europe SE’s Luxembourg branch, and understanding its structure is critical for seamless transactions.
The Luxembourg branch of UBS Europe SE is located at 33A J.F. Kennedy Avenue, L-1855 Luxembourg. The SWIFT system, a global standard for interbank communication, enables financial institutions to identify the precise bank and branch involved in a transaction. When initiating or receiving international payments through this branch, the code UBSWLULLTA1 must be used to avoid errors.
SWIFT codes consist of five key components: the bank code, country code, location code, and an optional branch code. For UBS Europe SE, UBSW represents the bank, LUL denotes Luxembourg, and TA1 specifies the branch. This standardized format streamlines cross-border payments, minimizing delays and misrouted funds.
To mitigate risks of financial loss due to incorrect transfers, always verify the recipient’s SWIFT code and bank details before initiating a transaction. The use of UBSWLULLTA1 ensures the secure and accurate movement of funds across international borders.