FINANCIAL INSTITUTION 'PAYMENTS AND SETTLEMENTS', BIC/SWIFT Code Details
The Payments and Settlements Department is responsible for the efficient and effective operation of the Bank's payment systems, including the processing of transactions in foreign currencies. The department also manages the Bank's relationships with other financial institutions and central banks in the payment and settlement of transactions.
Standard Settlement Instructions (SSI) contain the list of correspondent banks of FINANCIAL INSTITUTION 'PAYMENTS AND SETTLEMENTS' for each currency.
In order to track a SWIFT cross-border payment to/from FINANCIAL INSTITUTION 'PAYMENTS AND SETTLEMENTS' you need an UETR code, Reference #, Amount Value, Payment Date and a Currency. Usually you can find all this info in a MT103 form.
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