NIXGROUP, BIC/SWIFT Code Details
NIXGLV21 is the SWIFT/BIC code for NIXGROUP in Latvia. It identifies the head office. The 8-character form is NIXGLV21 and the 11-character form is NIXGLV21XXX.
Address: MASKAVAS 240-3 RIGA LV-1063, LATVIA
General instructions for international payments to banks in LATVIA:
Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, IBAN, and beneficiary bank address). SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Latvia. Payment Formatting Rules for EUR: Ordering Customer (SWIFT MT103 F50): Include account numb ... er, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds. Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Latvia must be included in the payment instructions. Full beneficiary address is required to avoid payment delays. Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. There are no specific bank clearing codes in the country for cross-border payments. SWIFT BIC is key to routing payments. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLVxx or xxxxLVxxxxx. Read more
IBAN: In Latvia, the IBAN consists of 21 characters. It starts with the country code 'LV', followed by a 2-digit check number, then a 4-character bank code, and finally a 13-character account number. Example of electronic format: LV12ABCD3456789123456, and print format: LV12 ABCD 3456 7891 2345 6.
Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.
To track a SWIFT cross-border payment to or from NIXGROUP, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
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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.