Bank Code Verified


Swift Code: HSBCBDDH


Address: PLOT, (NEW), (OLD), (NEW, 02, 522, 09 – DHANMONDI



Postcode: 1209

Country: Bangladesh

Title: The World of Swift Codes: Connecting Banks Across BordersIn today’s interconnected world, financial transactions are no longer confined within national borders. Globalization has led to an increase in cross-border commerce, necessitating a secure and efficient system to facilitate international banking.

This is where Swift codes come into play. In this article, we will delve into the purpose and importance of Swift codes, exploring their role in enabling seamless international transactions and fostering cooperation between financial institutions worldwide.

Topic 1: Anto Swift Codes

1.1 What are Swift codes? – Swift codes, also known as Bank Identifier Codes (BICs), are unique identification codes assigned to financial institutions.

– National Bank Identifier Codes (NBICs) are the national counterparts of Swift codes, facilitating domestic transactions. 1.2 Why do banks need Swift codes?

– Swift codes allow banks to identify each other, ensuring accuracy and security during international transactions. – The codes enable financial institutions to communicate, exchange information, and process payments swiftly and efficiently.

1.3 How are Swift codes structured? – Swift codes consist of a combination of letters and numbers, usually 8 or 11 characters long.

– The first 4 characters represent the bank’s identity. – The following 2 characters denote the country where the bank is located.

– The next 2 characters indicate the bank’s location or branch. – The final 3 characters are optional and denote the bank’s specific department.

Topic 2: The Role of Swift Codes in International Banking

2.1 Ensuring secure and efficient international transactions

– Swift codes authenticate and validate banks involved in cross-border transactions, reducing the risk of fraudulent activities. – The codes enable banks to track and trace payments, ensuring transparency throughout the transaction process.

2.2 Facilitating global connectivity

– Swift codes serve as a universal language for banks, enabling seamless communication and cooperation worldwide. – The given Swift code, HSBCBDDH, indicates the connection to The Hongkong and Shanghai Banking Corporation Limited in Dhaka, Bangladesh, promoting global financial integration.

2.3 Enabling correspondent banking relationships

– Correspondent banks rely on Swift codes to identify and establish relationships with other financial institutions across different jurisdictions. – Swift codes allow banks to provide various services, including money transfers, international trade finance, and foreign exchange transactions.

2.4 Compliance with regulatory requirements

– Swift codes help banks comply with know-your-customer (KYC) regulations by accurately identifying the counterparties involved in transactions. – These codes also facilitate sanctions screening, ensuring adherence to international regulatory standards.


In today’s interconnected financial landscape, Swift codes play a crucial role in ensuring secure and efficient international banking. By providing a standardized system of identification, these codes enable effective communication and cooperation between banks across borders.

The given Swift code, HSBCBDDH, represents The Hongkong and Shanghai Banking Corporation Limited in Dhaka, Bangladesh, reflecting its connectivity with the global financial network. By understanding the purpose and significance of Swift codes, individuals and businesses can navigate the international banking system with confidence, fostering seamless transactions and facilitating global economic growth.


The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC, is one of the world’s largest banking and financial services organizations. With its headquarters in London, UK, HSBC operates through a network of branches and subsidiaries in more than 70 countries and territories.

Since its establishment in 1865, HSBC has played a significant role in facilitating international trade and finance, becoming a pillar of the global banking industry. 3.1 A Brief History

HSBC traces its roots back to the foundation of The Hongkong and Shanghai Banking Corporation in Hong Kong in 1865.

The bank was originally established to finance the growing trade between China and Europe during that time. As trade expanded, so did HSBC’s operations, leading to the establishment of branches across Asia and other parts of the world.

3.2 Global Presence

HSBC’s global presence is extensive, with a strong foothold in both developed and emerging markets. Alongside its headquarters in London, the bank operates major centers in Hong Kong, New York, Paris, and Dubai.

The bank’s extensive network of branches, subsidiaries, and representative offices ensures convenient access to its services for individuals and businesses around the world. 3.3 Commitment to Innovation and Technology

HSBC has consistently embraced technology to enhance its offerings and improve customer experience.

The bank prioritizes digital innovation and continuously invests in solutions that meet evolving customer needs. Its online and mobile banking platforms enable customers to manage their finances conveniently, providing services such as fund transfers, bill payments, and account management at their fingertips.

3.4 A Focus on Sustainability and Social Responsibility

HSBC demonstrates a strong commitment to sustainability and social responsibility. The bank recognizes its role in addressing global environmental and social challenges and has set ambitious targets for itself.

HSBC aims to become a net-zero carbon bank by 2050 and has pledged significant funding to support sustainable finance initiatives. Topic 4: Common Uses of Swift Codes

4.1 International Wire Transfers

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

When sending money from one country to another, both the sender’s and recipient’s banks require Swift codes to authenticate and process the transaction accurately. These codes facilitate the secure transfer of funds across borders, ensuring seamless and efficient transactions.

4.2 Correspondent Banking Relationships

Swift codes play a crucial role in establishing correspondent banking relationships. Correspondent banks facilitate transactions between two banks in different jurisdictions, acting as intermediaries to ensure proper execution.

Swift codes enable correspondent banks to identify and establish connections with counterparties, enhancing the efficiency of cross-border transactions. 4.3 Foreign Exchange Transactions

Swift codes are frequently used in foreign exchange transactions.

When converting one currency into another, banks rely on Swift codes to identify the recipient institution and route the transaction correctly. The use of Swift codes ensures efficient currency conversions while maintaining the necessary regulatory compliance.

4.4 Trade Financing

Swift codes are vital in facilitating trade financing between banks, businesses, and individuals involved in international trade. Importers and exporters rely on banks’ swift codes to process documentary credits, guarantees, and other trade-related financing instruments.

The use of Swift codes significantly streamlines the trade finance process, reducing delays and ensuring smooth transactions. 4.5 Compliance and Regulatory Requirements

Swift codes also help banks comply with regulatory requirements and mitigate the risk of financial crimes such as money laundering and terrorism financing.

These codes facilitate the screening of counterparties against sanctions lists and other watchlists, ensuring adherence to international regulatory standards and promoting financial integrity. In conclusion, Swift codes are indispensable in facilitating secure and efficient international banking.

They provide a standardized system of identification that enables effective communication and cooperation between financial institutions. HSBC, as a prominent player in the global banking industry, exemplifies the significance of Swift codes in connecting banks across borders.

Through its extensive global presence, commitment to innovation, sustainability, and social responsibility, HSBC continues to contribute to the growth and development of the international banking sector. Understanding the common uses and importance of Swift codes empowers individuals and businesses to navigate the global financial system with confidence, facilitating seamless transactions and fostering international economic growth.

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