SWIFT Code COSLGGS1 — CUSTODY OPS (SCIL BULK), ST. PETER PORT

About SWIFT Code COSLGGS1 — CUSTODY OPS (SCIL BULK), ST. PETER PORT

SWIFT code COSLGGS1 is the official 8-character head-office BIC (Bank Identifier Code) for CUSTODY OPS (SCIL BULK) in ST. PETER PORT, Guernsey. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by CUSTODY OPS (SCIL BULK) for all outward international remittances from ST. PETER PORT. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code COSLGGS1

The code COSLGGS1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code COSLGGS1

Receiving International Wire Transfers

To receive money from abroad at your CUSTODY OPS (SCIL BULK) account in ST. PETER PORT, share SWIFT code COSLGGS1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at CUSTODY OPS (SCIL BULK), ST. PETER PORT must provide SWIFT code COSLGGS1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using CUSTODY OPS (SCIL BULK) in ST. PETER PORT rely on SWIFT code COSLGGS1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for CUSTODY OPS (SCIL BULK) →

For cheque clearing or NACH mandates, use the MICR code for CUSTODY OPS (SCIL BULK) →

For TDS challan deposits, find the BSR code for CUSTODY OPS (SCIL BULK) →

How SWIFT Code COSLGGS1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code COSLGGS1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to CUSTODY OPS (SCIL BULK).
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: CUSTODY OPS (SCIL BULK) receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code COSLGGS1

• Spaces or lowercase letters — Always enter COSLGGS1 uppercase with no spaces.
• Using the wrong city — This code is for ST. PETER PORT only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Guernsey.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm COSLGGS1 directly with CUSTODY OPS (SCIL BULK)'s ST. PETER PORT branch or via the SWIFT BIC Directory.