OTV SA, BIC/SWIFT Code Details
General instructions for international payments to banks in FRANCE: Remitter should obtain all required bank information from the Beneficiary, such as SWIFT BIC, IBAN, and beneficiary bank address. All payments between residents and non-residents exceeding EUR 50,000 have to be reported to the Banque de France on a monthly basis. IBAN and SWIFT BIC are required for all euro payments under SEPA standards, which apply for payments to beneficiaries with accounts in France.
Payment Formatting Rules for EUR:
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Provide the full name of the ordering customer in Field 50 (Ordering Customer).
Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), and address of the beneficiary customer. Make sure to include the full name of the beneficiary customer in Field 59.
Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. Use Field 57 for specifying the 'Account With Institution' details of the creditor agent.
SWIFT BIC is key to routing payments to the beneficiary bank and is 8 or 11 alphanumeric characters. Include any relevant information in Field 70, under Remittance Information.
Special instructions can be added in Field 72, under 'Sender to Receiver Information'.
In France, the IBAN consists of 27 characters. The structure is: FR2!n5!n5!n11!c2!n. An example of the electronic format is FR9812345678912345678A91234, while the print format is FR98 1234 5678 9123 4567 8A91 234.
IBAN: Yes
Standard Settlement Instructions (SSI) contain the list of correspondent banks of OTV SA for each currency.
To track a SWIFT cross-border payment to or from OTV SA, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.