When initiating an international money transfer, locating precise banking information is critical to ensure a smooth transaction. For instance, FEDERATION DES CAISSES DESJARDINS DU QUEBEC , a leading Canadian financial institution, uses the SWIFT/BIC code CCDQCAM2XXX . This code is not only essential for cross-border payments but also serves as a verification tool to confirm the bank's identity and legitimacy.
Headquartered at 100 RUE DES COMMANDEURS, LEVIS, QUEBEC, G6V 7N5 , Desjardins Group is one of Canada's largest cooperative financial organizations. It serves over 7 million members and clients, offering comprehensive services ranging from banking and insurance to investment management.
Understanding the structure of SWIFT/BIC codes is indispensable for anyone handling international transactions. Taking CCDQCAM2XXX as an example: the first four characters ( CCDQ ) identify the bank, the following two letters ( CA ) denote the country (Canada), and the remaining characters ( M2XXX ) typically specify a branch or location. Mastering this system enhances efficiency and minimizes errors in global financial operations.