ICICCATTTSY

ICICI BANK CANADA, BIC/SWIFT Code Details

Branch name: TREASURY

Address: 366 BAY STREET TORONTO M5H 4B2, CANADA

Payment Instructions

General instructions for international payments to banks in CANADA:

When sending payments to Canada, the remitter should obtain all required bank information from the beneficiary, including the Canadian bank branch routing number, SWIFT BIC code, and beneficiary bank address. Absence of this information may result in delays or returns. For additional information, please refer to www.bankofcanada.ca.

To comply with Canada’s “Proceeds of Crime (Money Laundering) and Terrorist Financing Act” and related regulations, complete order party/beneficiary information must be included in any wire payments. This includes: full account name, full account number, full beneficiary bank name, the SWIFT BIC code, and full physical address. A full physical address must include: street number, street name, city or town, state or province, and country, preferably in the 2-character ISO format. A P.O. Box is not acceptable without a full physical address. Some Canadian banks also require the Canadian Clearing Code to avoid delays in processing.

The ideal size for the mandatory fields for ordering party/beneficiary full account name is 35 characters. For the mandatory ordering party/beneficiary address, full physical address components should fit into the rest of the 3 lines with 35 characters each. The full beneficiary name and full address should fit in 4 lines if needed. The address information should not overflow into other fields to avoid delays or rejection. Financial institutions may reject or delay your wires if the required information is not provided or does not include a full physical address in the mandatory fields.



Payment Formatting Rules for CAD:
Ordering Customer (SWIFT MT103/MT101 F50): For MT103 wire payments debiting a non-FCB1 client account, the JPMorgan wire engine will enhance the account name and address from account records. For other MT103/MT101 formatted wire transactions, include the account number, full name (no initials), and full physical address of the ordering customer. Using initials can delay receipt of funds.

Beneficiary Customer (SWIFT MT103 or MT101 resulting in a SWIFT MT103 F59): Include account number, full name (no initials), full physical address, and telephone number of the beneficiary customer for all transactions. Use of initials may delay receipt of funds. A full beneficiary street address is required in field 59. For transactions with Royal Bank of Canada or the Bank of Nova Scotia, the account number should be 12 digits. Note that the beneficiary's telephone number is not mandatory for FX conversion above USD threshold. Telephone number may also be provided in SWIFT MT103 F70.

Beneficiary Bank (SWIFT MT103 F57): Include the SWIFT BIC and the Canadian bank branch routing number, or, where BIC and Routing Code is not provided by the counterparty, the full name, and full physical address of the beneficiary bank as an alternative, although, the payment may fall into repair. It is recommended by JPMorgan that the bank’s SWIFT BIC is provided, and, where applicable, the Canadian Clearing Code is provided for CAD payments. Include the Beneficiary Bank’s Nostro Account Number in Field 57. Where the SWIFT BIC is not provided, the wire payment may fall into repair. It is recommended by Payments Canada that the Canadian Clearing Code or routing code be used for payments denominated in CAD. The 9-digit routing number is made up of the Direct Payment Routing Number (4 digits) and the Branch Transit Number (5 digits). The structure is //CC followed by nine digits. Example: //CC123412345. The Transit Number must be included in Field 70 for payment formatting. Where applicable, the beneficiary bank address and/or transit number identifies which internal branch account the main bank should direct the funds to. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCAxx or xxxxCAxxxxx. Wire receipts for credit to a Canadian corporate account need to be received by JPMorgan Toronto in the SWIFT MT103 format due to Canadian regulatory reporting obligations. If they are received in the MT202 format for credit to a corporate-owned account, the wire receipt in the MT202 format will be rejected and will have to be resent by the counterparty in the SWIFT MT103 format. Payments where the underlying remitter is a Money Service Business (MSB) or Payment Service Provider (PSP) are not supported. For the 'Reason for Payment' section, refer to the 'Purpose of Payment Codes'. Include the requirement of the Legal Entity Identifier (LEI) in the additional information section.

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of ICICI BANK CANADA for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from ICICI BANK CANADA, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Other Branches

Disclaimers

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.