These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. Institutions send each other messages over the network to confirm trades or to expect a wire transfer as examples. This allows the payment to be directed to a specific office. SWIFTNet FIN address based on BIC
To identify endpoints on its network, SWIFT also uses 12-character codes that are derived from the BIC of the institution. This is with a view to ensuring entity data is consistent across the MiFID compliant landscape and the regulator is able to identify each firm correctly.
The SWIFT code for its primary office is DEUTDEFF:
DEUT identifies Deutsche Bank
DE is the country code for Germany
FF is the code for Frankfurt
Deutsche Bank uses an extended code of 11 digits and has assigned branches or processing areas individual extended codes.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Germany | Muenchen | Barclays Global Investors Deutschland AG | Barclays Global Investors Deutschland AG | INXDDEM1XXX |