SWIFT Code ORSANOK1 — TERRA MARKETS, OSLO

About SWIFT Code ORSANOK1 — TERRA MARKETS, OSLO

SWIFT code ORSANOK1 is the official 8-character head-office BIC (Bank Identifier Code) for TERRA MARKETS in OSLO, Norway. 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 TERRA MARKETS for all outward international remittances from OSLO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code ORSANOK1

The code ORSANOK1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code ORSANOK1

Receiving International Wire Transfers

To receive money from abroad at your TERRA MARKETS account in OSLO, share SWIFT code ORSANOK1 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 TERRA MARKETS, OSLO must provide SWIFT code ORSANOK1. 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 TERRA MARKETS in OSLO rely on SWIFT code ORSANOK1 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 TERRA MARKETS →

For cheque clearing or NACH mandates, use the MICR code for TERRA MARKETS →

For TDS challan deposits, find the BSR code for TERRA MARKETS →

How SWIFT Code ORSANOK1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code ORSANOK1 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 TERRA MARKETS.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: TERRA MARKETS receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code ORSANOK1

• Spaces or lowercase letters — Always enter ORSANOK1 uppercase with no spaces.
• Using the wrong city — This code is for OSLO 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 Norway.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm ORSANOK1 directly with TERRA MARKETS's OSLO branch or via the SWIFT BIC Directory.