In global financial transactions, the use of SWIFT codes remains essential, particularly for international wire transfers. Consider the scenario when you need to send money to FEDERATION DES CAISSES DESJARDINS DU QUEBEC (commonly known as "Desjardins Federal Credit Union") located in Lévis, Quebec, Canada. The correct SWIFT code serves as the cornerstone for ensuring secure and efficient fund transfers.
- 'CCDQ' represents the bank's core identifier
- 'CAM2' designates the institution's location in Lévis, Canada
- 'XXX' typically indicates specific branches, though the complete format can be used when no particular branch is specified
The financial institution's physical address is registered at 100 Rue des Commandeurs, Levis, Quebec, G6V 7N5, Canada. International transactions through the SWIFT network have become standard practice in today's globalized economy, making accurate SWIFT code information indispensable.
Why SWIFT Code Accuracy Matters
Before initiating any international transfer, verifying the precise SWIFT code proves crucial to maintaining transparency in cross-border financial movements. Transactions submitted with incorrect or incomplete SWIFT information may experience delays or even fail to reach their intended destination, potentially causing financial complications.
Financial experts recommend regularly validating SWIFT codes before transaction submission. While these codes generally remain stable, organizational restructuring or operational changes within banking institutions can occasionally lead to modifications. A final verification before fund transfer provides an essential safeguard.
The SWIFT code CCDQCAM2XXX serves not merely as administrative detail but as a fundamental component in global financial operations. For participants in international markets, understanding and properly utilizing such financial identifiers significantly enhances transaction efficiency and security.