Beneficiary's account number (Note, IBAN is mandatory if sending to a country in the European Union.
Once a firm has submitted this data, the regulator will map the FRN to the BIC and the firm must ensure that the TMU is aware of the BIC on an ongoing basis. The Committee of European Securities Regulators (CESR) had originally wanted each competent authority (CA) to collect this information and share relevant reports with other CAs by November 2008, one year after MiFID went live. The SWIFT code for its primary office is NEDSZAJJ:
NEDS identifies Nedbank
ZA is the country code for South Africa
JJ is the code for Johannesburg
Nedbank has not implemented the extended code of 11 digits and all SWIFT transfers to its accounts are directed to the primary office for processing. These are ideas on how to search for a Swift number, BIC or BEI.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Norway | Oslo | Verdibanken ASA | Verdibanken ASA | VERDNOK1XXX |