STATE OIL FUND OF THE REPUBLIC OF, AZERBAIJAN, BIC/SWIFT Code Details
Address: HEYDAR ALIYEV AVE 165 BAKU, AZ1029 AZERBAIJAN
General instructions for international payments to banks in AZERBAIJAN: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, account number, and beneficiary bank address). Payments to non-resident beneficiaries are classified into two categories: taxpayer and non-taxpayer.
a) Taxpayer non-resident (having Azerbaijani tax ID) can receive funds from a legal entity abroad showing clear purpose of transfer.
b) Non-taxpayer non-resident can only receive 'financial aid' from abroad with supporting documents.
c) Non-resident legal entity (taxpayers) can receive funds from abroad only with supporting documents (invoice, contract, other real business papers).
Payment Formatting Rules for AZN:
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Bank (SWIFT MT103 F57): Include beneficiary bank’s correspondent AZN account number, beneficiary bank’s tax identification number (TIN/VOEN), 6 digit BIK code, SWIFT BIC with branch identifier (where required), full name. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAZxx or xxxxAZxxxxx.
Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), 10 digit tax identification number (TIN/VOEN), full name (no initials), and full address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. TIN/VOEN is not required for individuals.
Reason for Payment (SWIFT MT103 F70): In-depth purpose of payment must be provided. If the payment is for charitable purposes, this must be clearly stated or the beneficiary may be subject to a tax charge for income received.
IBAN: In Azerbaijan, the IBAN must be included in the payment instructions. The structure is AZ followed by 2 check digits and 24 alphanumeric characters, totaling 28 characters. Example of electronic format: AZ98123456789123745678912345. Example of print format: AZ98 1234 5678 9123 7456 7891 2345.
Standard Settlement Instructions (SSI) contain the list of correspondent banks of STATE OIL FUND OF THE REPUBLIC OF, AZERBAIJAN for each currency.
To track a SWIFT cross-border payment to or from STATE OIL FUND OF THE REPUBLIC OF, AZERBAIJAN, 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.