Where is BOELKPP1 located?

The registered address on file for BOELKPP1 is BEL BUILDING KUMSONG STREET, PYONGYANG 32 KOREA, (DEMOCRATIC PEOPLE'S REPUBLIC, OF).

What is the 11-character version of BOELKPP1?

The 8-character form is BOELKPP1 and the 11-character form is BOELKPP1XXX. A BIC ending in XXX refers to the head office. Banks that accept the 8-character form treat it as identical to the XXX form.

Is BOELKPP1 a head office or a branch code?

BOELKPP1 identifies the head office of BANK OF EAST LAND.

BOELKPP1

BANK OF EAST LAND, BIC/SWIFT Code Details

BOELKPP1 is the SWIFT/BIC code for BANK OF EAST LAND in North Korea. It identifies the head office. The 8-character form is BOELKPP1 and the 11-character form is BOELKPP1XXX.

Address: BEL BUILDING KUMSONG STREET, PYONGYANG 32 KOREA, (DEMOCRATIC PEOPLE'S REPUBLIC, OF)

Analyze and plan cross-border transactions

Ohm reads your pacs.008, validates the beneficiary bank, checks the route and its correspondents, prepares the invoice and finds the right HS code.

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pacs.008.xml invoice.pdf

Can you analyze those documents?

Looks fine:

Beneficiary bank BIC and IBAN both check out
Payment route One correspondent, arrives next business day
Invoice Matches the amount and both parties
HS code Use 8471.30 for these goods, not ~~8473.30~~

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Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.

Frequently asked questions

What bank does BOELKPP1 belong to?: BOELKPP1 is the SWIFT/BIC code for BANK OF EAST LAND in North Korea.
Where is BOELKPP1 located?: The registered address on file for BOELKPP1 is BEL BUILDING KUMSONG STREET, PYONGYANG 32 KOREA, (DEMOCRATIC PEOPLE'S REPUBLIC, OF).
What is the 11-character version of BOELKPP1?: The 8-character form is BOELKPP1 and the 11-character form is BOELKPP1XXX. A BIC ending in XXX refers to the head office. Banks that accept the 8-character form treat it as identical to the XXX form.
Is BOELKPP1 a head office or a branch code?: BOELKPP1 identifies the head office of BANK OF EAST LAND.

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Disclaimers

We are doing our best to demystify cross-border payments, however Ohmyfin 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 safe advice.