Where is FTBDKPP1 located?

The registered address on file for FTBDKPP1 is FTB BUILDING SUNGRI STREET, JUNGSONG- DONG PYONGYANG, KOREA (DEMOCRATIC PEOPLE'S, REPUBLIC OF).

What is the 11-character version of FTBDKPP1?

The 8-character form is FTBDKPP1 and the 11-character form is FTBDKPP1XXX. 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 FTBDKPP1 a head office or a branch code?

FTBDKPP1 identifies the head office of FOREIGN TRADE BANK OF THE D.P.R. OF, KOREA.

FTBDKPP1

FOREIGN TRADE BANK OF THE D.P.R. OF, KOREA, BIC/SWIFT Code Details

FTBDKPP1 is the SWIFT/BIC code for FOREIGN TRADE BANK OF THE D.P.R. OF, KOREA in North Korea. It identifies the head office. The 8-character form is FTBDKPP1 and the 11-character form is FTBDKPP1XXX.

Address: FTB BUILDING SUNGRI STREET, JUNGSONG- DONG PYONGYANG, 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.

Other Branches

FTBDKPP1KBC
FOREIGN TRADE BANK OF THE D.P.R. OF, KOREA

Frequently asked questions

What bank does FTBDKPP1 belong to?: FTBDKPP1 is the SWIFT/BIC code for FOREIGN TRADE BANK OF THE D.P.R. OF, KOREA in North Korea.
Where is FTBDKPP1 located?: The registered address on file for FTBDKPP1 is FTB BUILDING SUNGRI STREET, JUNGSONG- DONG PYONGYANG, KOREA (DEMOCRATIC PEOPLE'S, REPUBLIC OF).
What is the 11-character version of FTBDKPP1?: The 8-character form is FTBDKPP1 and the 11-character form is FTBDKPP1XXX. 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 FTBDKPP1 a head office or a branch code?: FTBDKPP1 identifies the head office of FOREIGN TRADE BANK OF THE D.P.R. OF, KOREA.

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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.