SWIFT Code PALISES1 — AS PAREX BANKA, LETTLAND FILIAL, STOCKHOLM

About SWIFT Code PALISES1 — AS PAREX BANKA, LETTLAND FILIAL, STOCKHOLM

SWIFT code PALISES1 is the official 8-character head-office BIC (Bank Identifier Code) for AS PAREX BANKA, LETTLAND FILIAL in STOCKHOLM, Sweden. 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 AS PAREX BANKA, LETTLAND FILIAL for all outward international remittances from STOCKHOLM. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code PALISES1

The code PALISES1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code PALISES1

Receiving International Wire Transfers

To receive money from abroad at your AS PAREX BANKA, LETTLAND FILIAL account in STOCKHOLM, share SWIFT code PALISES1 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 AS PAREX BANKA, LETTLAND FILIAL, STOCKHOLM must provide SWIFT code PALISES1. 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 AS PAREX BANKA, LETTLAND FILIAL in STOCKHOLM rely on SWIFT code PALISES1 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 AS PAREX BANKA, LETTLAND FILIAL →

For cheque clearing or NACH mandates, use the MICR code for AS PAREX BANKA, LETTLAND FILIAL →

For TDS challan deposits, find the BSR code for AS PAREX BANKA, LETTLAND FILIAL →

How SWIFT Code PALISES1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code PALISES1 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 AS PAREX BANKA, LETTLAND FILIAL.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: AS PAREX BANKA, LETTLAND FILIAL receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code PALISES1

• Spaces or lowercase letters — Always enter PALISES1 uppercase with no spaces.
• Using the wrong city — This code is for STOCKHOLM 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 Sweden.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm PALISES1 directly with AS PAREX BANKA, LETTLAND FILIAL's STOCKHOLM branch or via the SWIFT BIC Directory.