In today's globalized financial environment, ensuring that your international money transfers arrive securely at the correct bank account requires precise identification tools. This is where SWIFT codes (also known as BIC codes) play an indispensable role. Take for example Canada's FEDERATION DES CAISSES DESJARDINS DU QUEBEC , whose SWIFT code CCDQCAMMXXX serves as its unique identifier in international transactions.
Understanding the Institution
FEDERATION DES CAISSES DESJARDINS DU QUEBEC is a prominent Canadian financial institution headquartered in Levis, Quebec. The organization's physical address is registered at 100 RUE DES COMMANDEURS, LEVIS, QUEBEC, G6V 7N5 . As a provider of comprehensive financial services, knowing its accurate SWIFT code helps clients minimize transaction errors and enhances payment processing efficiency.
Decoding the SWIFT Structure
SWIFT codes consist of 8 or 11 characters that precisely identify financial institutions worldwide. The first four characters ( CCDQ ) represent the bank code, followed by two-letter country code ( CA for Canada), and two-character location code ( MM ). When using the full 11-character version (such as CCDQCAMMXXX ), the additional digits specify particular branch information. This systematic approach enables precise routing of international transfers to the intended recipient.
Operational Importance
The accuracy of SWIFT code entry during international transfers cannot be overstated. An incorrect code may redirect funds to unintended recipients, potentially causing significant delays or financial complications. When transferring money to FEDERATION DES CAISSES DESJARDINS DU QUEBEC, using the verified code CCDQCAMMXXX alongside the registered address guarantees proper fund delivery.
As a fundamental component of modern banking infrastructure, SWIFT codes facilitate secure and efficient global money movement. Understanding these identifiers empowers individuals and businesses to conduct international transactions with confidence, ensuring their funds transfer safely across borders.