In a nutshell the SWIFT code is a unique bank code used for all interbank messaging.
Scroll down please and look at Search by institution, country and city search box. This allows the payment to be directed to a specific office. I want to do a foreign bank transfer, but does not know which bank information is necessary for this? These 'BIC12's are not part of the ISO standard, and are only relevant in the context of the messaging platform.
Convergence with BISAC
The equivalent scheme in the North American book trade is the BISAC Subject Headings.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Turkmenistan | Ashkhabad | Internation Joint Stock Garagum | Internation Joint Stock Garagum | IGARTM21XXX |