SWIFT Code SHSRIMD1 — SHEARWATER SECURITIES LIMITED, CASTLETOWN

About SWIFT Code SHSRIMD1 — SHEARWATER SECURITIES LIMITED, CASTLETOWN

SWIFT code SHSRIMD1 is the official 8-character head-office BIC (Bank Identifier Code) for SHEARWATER SECURITIES LIMITED in CASTLETOWN, Isle of Man. 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 SHEARWATER SECURITIES LIMITED for all outward international remittances from CASTLETOWN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SHSRIMD1

The code SHSRIMD1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SHSRIMD1

Receiving International Wire Transfers

To receive money from abroad at your SHEARWATER SECURITIES LIMITED account in CASTLETOWN, share SWIFT code SHSRIMD1 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 SHEARWATER SECURITIES LIMITED, CASTLETOWN must provide SWIFT code SHSRIMD1. 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 SHEARWATER SECURITIES LIMITED in CASTLETOWN rely on SWIFT code SHSRIMD1 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 SHEARWATER SECURITIES LIMITED →

For cheque clearing or NACH mandates, use the MICR code for SHEARWATER SECURITIES LIMITED →

For TDS challan deposits, find the BSR code for SHEARWATER SECURITIES LIMITED →

How SWIFT Code SHSRIMD1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SHSRIMD1 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 SHEARWATER SECURITIES LIMITED.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SHEARWATER SECURITIES LIMITED receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SHSRIMD1

• Spaces or lowercase letters — Always enter SHSRIMD1 uppercase with no spaces.
• Using the wrong city — This code is for CASTLETOWN 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 Isle of Man.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm SHSRIMD1 directly with SHEARWATER SECURITIES LIMITED's CASTLETOWN branch or via the SWIFT BIC Directory.