SWIFT Codes for Banks

Hi
In Bank Master data, SWIFT code is one of the entries with respect to a Bank. Generally most of the International Banks have a specific "SWIFT" code specific to a country.(FI02)
There is a requirement in a client where in Credit Suisse Bank has 2 Swift codes. For a vendor to make payments the Bank master is to be updated on a regular basis to keep switching between the two SWIFT codes. The issue is the bank master record is based on Bank Country and Bank Key. We are not able to create a new record with a different SWIFT code. Can you suggest a method to circumvent daily changes in master data and how we can maintain 2 records with different SWIFT Codes.
Karthik

Hi,
Generally, each bank will have only one single SWIFT code. Please check the following link:
http://help.sap.com/saphelp_47x200/helpdata/en/d0/7101b81caf11d2954b00a0c9426c73/frameset.htm
Also,
BIC/Bank Identifier Code
Every Bank location has a unique Bank Identifier Code, also known as a SWIFT Code. Other BIC Codes used for sending outgoing Wire Transfers are ABA, Fed Wire (US), BLZ Code (Germany), Sort Code (UK).
I think u need to recheck?
Rgds,
Sreeni

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Wendy,
I think you are correct in assuming you will need an external source to supply you with a feed of this information to keep it up to date.

What is the use of SWIFT CODE IN BANK ACCOUNTS

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The SWIFT code is used for identifying banks in international payment transactions.
see these links for your refernece
http://sapexperts.blogspot.com/2007/01/bank-accounts.html
http://www.answers.com/topic/international-bank-account-number
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Hi expert,
I would like to consult your expertise on the following issues: Bank Key, Bank Number and SWIFT code.
In Country Field Check, OY17, If I select the bank key (section key for bank directory) options 4, assigned externally; then in FI01 bank key data creation, my bank number (in control data section) can be freely defined.
If in OY17, my bank key option is 1, bank number. Then, during FI01 bank data creation, my bank number must be same with bank key.
My question is that: I would like, in OY17, selection option 4, but I would like to have some clarifications on FI01 bank creation as well as electronic bank statement ( section of: Assign bank account accounts to transactions types): In the section of Assign bank account accounts to transactions types, I need to fill in bank key+bank account and transaction type.
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Hi,
House bank is the bank through which your company is dealing all their financial transaction.
Bank key is a country unique number in the US it is called the ABA routing number.
The account ID is a user definable field that allows you to "name" your bank accounts at your bank using any convention you prefer.
Bank master data means all the data related to a particular BANK .examole HDFC all the information related this particular bank.
House bank master data it is related all your bank master data.Example,Hdfc,ICICI,Axis ,BOB etc.
The S.W.I.F.T. code is used for identifying banks in international payment transactions.Uniquely identifies a bank throughout the world.
Bank number is a code given to a particular Bank.
regards,
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Swift codes

Hi,
can anybody let me know how APP program considers Swift code for picking Bank a/cs or/ and if not bank clearing accounts.. I mean the logic / significance of Swift codes in APP run.
As Swifts are maintained at Bank master level.. I am confused how it will be considered in pmt runs..
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Hi
Once APP is run, tables REGUH, REGUP and REGUD tables are updated. REGUH table contains SWIFT code, Bank number, etc... The standard payment medium programs for each country contain provision for making International payments by selecting the SWIFT code
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hi
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hope this is clear assign some points.
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Hi All,
I hv doubt in customisation of a house bank. While configuring a house bank, we need:-
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3) Swift Code
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Thanks in advance
Deepak Garg

Hello Deepak,
I try to explai as my best:
1) Account ID:
This is uinique ID for bank a/c no. To identify ur bank under same house bank. here u will be giving the gl a/c for each bank. for ex:
In SBI u have one current a/c and one loan a/c. u will create one SBI house bank and two a/c id's which is for current a/c and loan a/c.
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House Bank address & swift code

Hi All
We have configured the house bank in development system and moved to QA 300, but Bank address & swift code is not moved to QA300. Remaining House bank, Bank country and Bank Key are moved successfully.
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Regards
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Hi Gunasekar,
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Transportation of BNKA table:-
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Step 3 Double Click on BNKA Object name and and enter * for table contents.
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Regards,
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Hello Subhadra, I'm sorry, I should've said join of LFBK and BNKA. The fields for the join will be the bank country(BANKS) and bank key (BANKL).
If you have not found a docu on SQVI already, you can refer to this:
How to create Report by using SQVI
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Hello experrts,
we are currently running R/3 4.7 and I have a question regarding the maintenance of BIC code in bank master data. From next year on, payments inside Europe can/will be made according to SEPA requirements. One requirement is to provide the BIC code and IBAN for the tayment transfer.
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In short words: Is SWIFT = BIC?

Hello,
how are you, iam also implementing SEPA .
if you done with SEPA please suggest me how to proceed from starting to end steps.
waiting for your reply.
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Thanks

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Regards,
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thanks
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Found!
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Hi
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please give me suggestion.
Thanks
Indu

Go to BIC transaction screen
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4. Detail List (Check On)
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Thanks.

SWIFT Codes for Banks

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