By making use of the services rendered by financial as well as non-financial institutions that carry a bank swift code, businesses can make international payments with ease. Some banks outside Europe may not recognize IBAN, though as time passes this is expected to diminish. Furthermore routing information as specified by ISO 9362 does not contain check digits, so simple errors of transcription were not detectable and it was not possible for a sending bank to validate the routing information prior to submitting the payment. This differs from its local mainland China operations which are also BEASCNxxxxx following Hong Kong rather than having a separate identifier code.
Many businesses publish the IBANs of their transit accounts (where payments are routinely swept out and transferred to the proper internal corporate account).
This standard was revised in 2003 and again in 2007 when it was split into two parts.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
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