reply to post by expat2368
The Swift-code is made up like this:
The SWIFT code is 8 or 11 characters, made up of:
4 characters - bank code (only letters)
2 characters - ISO 3166-1 alpha-2 country code (only letters)
2 characters - location code (letters and digits) (if the second character is '1', then it denotes a passive participant in the SWIFT network)
3 characters - branch code, optional ('XXX' for primary office) (letters and digits)
Where an 8-digit code is given, it may be assumed that it refers to the primary office.
(From the wiki-page of the ISO 9362 standard)
The code you provide for bankers trust looks odd. And when I query it on Swift.com:
Query results Active as of 7 Nov 2009
N° BIC code Institution Branch name City heading
1 BTCDUS44XXX BANKERS TRUST COMPANY, N.A. DES MOINES,IA
2 TRCCUS61XXX BANKERS TRUST COMPANY OF CALIFORNIA LOS ANGELES,CA
The code you mentioned does not exist in the swift network.
As for the other codes. You are right, it's odd that the branch-code is (mis-)used to identify a bankgroup. I played with the search option a little
and it looks like the banks use the branch code as a country identifier on top of the normal code.
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