Bank Code Verified


Swift Code: CPERUS66


Address: 400 Q STREET



Postcode: 95811

Country: United StatesHave you ever wondered how banks and financial institutions communicate with each other across borders? Swift codes, also known as Bank Identifier Codes (BIC), play a crucial role in facilitating secure and efficient international transactions.

In this article, we will delve into the purpose and importance of Swift codes, and how they enable banks to connect with one another worldwide. Topic 1: Anto Swift Codes

Swift codes are unique alphanumeric codes that identify specific banks or financial institutions.

They were developed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to streamline communication between banks, ensuring that transactions are processed accurately and efficiently. 1.1 What is the Purpose of Swift Codes?

Swift codes serve two primary purposes. Firstly, they enable banks to identify each other during international transactions.

Just as your home address helps mail carriers deliver packages to the right location, Swift codes act as an address for banks, ensuring that funds are transferred to the correct institution. 1.2 How are Swift Codes Constructed?

Swift Codes consist of 8 or 11 characters, and are organized into four sections: the bank code, country code, location code, and optional branch code. Let’s break it down using the example Swift code CPERUS66:

– “CPE” represents the bank code, which stands for California Public Employees’ Retire-ment System.

– “US” represents the country code, indicating that the bank is located in the United States. – “66” represents the location code, which in this case is Sacramento.

– The optional branch code is not included in this Swift code. Topic 2: The Role of Swift Codes in International Banking

The global economy relies heavily on swift and secure monetary transactions.

Swift codes are an integral part of this process, as they facilitate communication and collaboration between financial institutions worldwide. 2.1 Facilitating Secure Transactions

When banks communicate with each other internationally, they need a standardized system that ensures security and accuracy.

Swift codes provide this system, as they serve as a unique identifier for each bank involved in the transaction. This allows for a seamless and secure exchange of financial information and funds.

2.2 Connecting Financial Institutions

Swift codes also play a critical role in connecting financial institutions across borders. Through the SWIFT network, banks can transmit messages and instructions to each other, ensuring that international payments are executed smoothly.

This global network enables banks to communicate and cooperate, strengthening the stability and efficiency of the financial system. 2.3 Significance of the Given Swift Code

The Swift code “CPERUS66” belongs to the California Public Employees’ Retirement System (CALPERS), one of the largest pension funds in the United States.

This Swift code acts as a gateway for CALPERS to connect with other financial institutions around the world. It allows for secure communication and facilitates smooth international transactions, ensuring the timely and accurate transfer of funds.


In conclusion, Swift codes are essential tools in international banking, enabling secure and efficient communication between financial institutions. Through the use of these unique codes, banks can identify each other during transactions and connect across borders.

The given Swift code “CPERUS66” serves as an example of how these codes function in practice, allowing the California Public Employees’ Retirement System to conduct global operations seamlessly. Understanding the purpose and importance of Swift codes helps to ensure the smooth flow of international transactions and contributes to the stability of the global financial system.


The California Public Employees’ Retirement System (CALPERS) is a significant financial institution in the United States, managing retirement benefits for public employees in California. Let’s take a closer look at the organization and its role in pension management.

3.1 An Overview of CALPERS

Established in 1932, CALPERS is the largest public pension fund in the United States. It serves over 2 million members and provides retirement and health benefits for public employees, retirees, and their families.

With assets totaling over $400 billion, CALPERS has a substantial impact on the state’s economy and financial stability. 3.2 Pension Management

One of CALPERS’ primary responsibilities is managing pension funds for public employees.

It collects contributions from employees and employers, investing these funds to generate returns over time. The income from these investments is used to pay retirement benefits to eligible members.

3.3 Role in the California Economy

CALPERS’ significant assets and investments make it a key player in the California economy. The returns generated by its investments contribute to the state’s financial stability, ensuring the availability of pension benefits for public employees.

Additionally, CALPERS’ investment strategy can influence the economy through its support of local businesses and industries. Topic 4: Common Uses of Swift Codes

Swift codes have a wide range of applications in international banking beyond their primary function of identifying financial institutions.

Let’s explore some common uses of Swift codes and how they facilitate various financial processes. 4.1 International Wire Transfers

One of the most common uses of Swift codes is for international wire transfers.

When you initiate a wire transfer to another country, the recipient bank’s Swift code is required to ensure that the funds reach the intended account accurately and securely. By providing the correct Swift code, you can eliminate the risk of your payment being misdirected or delayed.

4.2 Currency Exchange

Swift codes also play a role in currency exchange services. When converting one currency to another, financial institutions often need to collaborate with foreign banks to facilitate the transaction.

Swift codes allow these institutions to communicate and liaise with the relevant parties, ensuring smooth and efficient currency exchanges. 4.3 Correspondent Banking Relationships

Financial institutions often engage in correspondent banking relationships to expand their services globally.

These relationships involve partnering with foreign banks to provide services in different countries. Swift codes play a crucial role in establishing and maintaining these relationships, as they enable banks to identify and communicate with each other accurately.

4.4 Bank Account Verification

Businesses and individuals sometimes need to verify the existence and credibility of a foreign bank account. By referencing the Swift code associated with the account, they can confirm its authenticity and ensure the trustworthiness of their partners or clients.

4.5 Information Exchange

In addition to facilitating financial transactions, Swift codes enable the secure exchange of information between financial institutions. Banks use the Swift network to transmit various types of messages, including payment instructions, confirmations, and requests for further information.

This streamlined communication system helps avoid errors and delays in the processing of international transactions. Expansion:


3.1 An Overview of CALPERS

CALPERS manages retirement benefits for public employees in California, providing them with financial security during their post-employment years.

Its scope of operations extends to state and local public agencies, such as government entities, school districts, and public universities. CALPERS continuously works towards ensuring that public employees have access to sustainable and secure retirement benefits.

3.2 Pension Management

CALPERS operates under a hybrid pension system, combining elements of both defined benefit and defined contribution plans. This structure allows public employees to receive a stable income during retirement, based on a predetermined formula.

CALPERS manages the investments of the fund to generate returns and ensure the availability of sufficient funds to meet future obligations. Pension management involves careful planning and investment strategies.

CALPERS diversifies its investments across various asset classes, such as stocks, bonds, real estate, private equity, and infrastructure. By spreading its investments, CALPERS aims to mitigate risk while maximizing returns over the long term.

3.3 Role in the California Economy

As a major financial institution in California, CALPERS plays a vital role in the state’s economy. Its investments contribute to economic growth by supporting local businesses, job creation, and infrastructure development.

The income generated from these investments also helps reduce the government’s financial burden in providing retirement benefits to public employees. CALPERS’ impact is not limited to investments alone.

By providing retirement benefits, it supports the financial well-being of retired public employees, stimulating consumer spending and economic stability. The pension payments received by retired public employees can act as a reliable source of income, bolstering local economies and contributing to the state’s overall prosperity.

Topic 4: Common Uses of Swift Codes

4.1 International Wire Transfers

The ability to send and receive money across borders securely and efficiently is crucial in today’s globalized economy. Swift codes facilitate international wire transfers by ensuring that funds are directed to the correct financial institution in the recipient country.

By using the recipient bank’s Swift code, banks can identify the destination quickly, reducing the chances of errors and delays in the transfer process. 4.2 Currency Exchange

Currency exchange is a common financial transaction, particularly for businesses and individuals involved in international trade or travel.

Swift codes play a role in this process by enabling financial institutions to coordinate with foreign banks when converting one currency to another. The correct Swift code ensures that the funds are exchanged accurately and promptly, at competitive rates.

4.3 Correspondent Banking Relationships

To expand their services globally, financial institutions often establish correspondent banking relationships with foreign banks. These relationships allow banks to offer a range of services in different countries without the need for physical presence.

Swift codes are essential in establishing and maintaining these relationships, as they serve as a unique identifier for banks, facilitating communication and collaboration. 4.4 Bank Account Verification

Verifying the existence and credibility of a foreign bank account is crucial for businesses and individuals engaging in international transactions.

Swift codes provide a means to verify the legitimacy of a foreign bank account. By referencing the Swift code associated with an account, businesses can confirm its existence and gain confidence in their partners or clients’ financial standing.

4.5 Information Exchange

Effective communication is vital in the financial industry, particularly when conducting international transactions. Swift codes enable banks to exchange information securely and efficiently through the Swift network.

Banks can transmit payment instructions, confirmations, and requests for additional information, ensuring a smooth and accurate flow of financial data. In conclusion, Swift codes serve multiple purposes in international banking, beyond identifying financial institutions.

They enable secure and efficient international wire transfers, facilitate currency exchange, assist in establishing correspondent banking relationships, support bank account verification, and facilitate information exchange. Understanding the common uses of Swift codes is essential for businesses and individuals engaging in international financial transactions, as it ensures accuracy, security, and efficiency in their interactions with banking partners worldwide.

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