What Does SWIFT Code Represent?

SWIFT works by assigning each member institution a unique ID code that identifies the bank name, country, city, and branch.

For example DSBC Financial Europe BIC code is: DSFE LT 21 XXX

• The first 4 characters represent our institution (DSFE - DSBC Financial Europe).
• The 2 following characters represent the country we are based in (LT - Lithuania).
• The other 2 following characters might be used to represent the location/city or a combination of numbers based on the organization's liking.
• There might be an additional 3 characters, which are the institution’s branches.