BASRTWT1 is the swift code for Primary Office of BAAN SHINN SECURITIES CO LTD Bank in TAIPEI Taiwan. Since this swift code belongs to a primary office of the bank, it can have an optional branch code "XXX". This swift code belongs to a financial institution.
Swift Code is also known as SWIFT-BIC, BIC (Bank Identifier Code), or SWIFT ID. Bank Identifier Code or BIC for BAAN SHINN SECURITIES CO LTD is also BASRTWT1 or BASRTWT1XXX.
|Swift Code / BIC (Bank Identifier Code)||
Swift Code for primary office is generally formatted as 8 characters.
Swift Code for primary office can have optional XXX at the end.
|Bank||BAAN SHINN SECURITIES CO LTD|
|Branch Code||XXX (Optional)|
|Address||30-2 TUNGMEN STREET PANTCHIAO TAIPEI TAIWAN|
|Type of institution||Financial Institution|
Swift Code is a unique identification code for a particular bank. It is a standard format for Business Identifier Codes (BICs, previously known as Bank Identifier Codes). It is technically used to identify banks and financial institutions globally distinctively - it says who and where they are. People use these codes to transfer money within banks for international wire transfers (the reason you're probably here looking up for info). SWIFT codes and BIC codes are same and the terms are interchangeable.
Swift codes are usually formed of 8 (or) 11 characters. You can understand that a swift code or BIC refers to a primary office when it's formatted in an 8-digit code. The codes are arranged in the following manner:
|4 Letter Bank Code||2 Letter Country Code||2 Letter Location Code||3 Letter Branch Code|