Contango Asset Management Limited SWIFT/BIC code

SWIFT/BIC code of Contango Asset Management Limited

CNANAU31 and CNANAU31XXX are two ways of writing the same bank identifier, and both point to Contango Asset Management Limited in Melbourne. A SWIFT code tells every bank in the chain exactly which bank should receive the money, a bit like a postal address for banks. You will need it mainly when dealing with payments that cross a border.

Further down we go through the practical side: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you hit send. Keep in mind that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

Contango Asset Management Limited: head office code versus branch codes

Contango Asset Management Limited has 2 separate SWIFT/BIC codes. One of them is the head office code, CNANAU31XXX; the rest belong to branches.

For the vast majority of incoming transfers, the head office code CNANAU31XXX works fine. When you receive a branch code, use it as it is rather than swapping it for the head office code.

The best way is to copy the code straight from the recipient’s invoice. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Why Contango Asset Management Limited has an 8- and an 11-character code

Each SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. For Contango Asset Management Limited, the 8-character core is CNANAU31.

Many banks and apps accept both lengths. If yours requires eleven characters, enter CNANAU31XXX.

Type the code in one piece, in upper case and without separators. Watch for the letter O and the digit 0 and the letter I and the digit 1.

Watch out for payment fraud

Stay wary if a contact suddenly asks you to send money to another account abroad. The fact that CNANAU31 exists is no guarantee that the account is genuine; criminals use the codes of real banks too.

Always confirm a change of bank details by phone, using a number you already had. Pressure and secrecy are red flags; a genuine business can wait for you to check. Already paid? Call the bank you paid from straight away and have them try to recall the payment and report the fraud.

People receiving money can be targeted as well: one known trick is a buyer who pays too much and then sends a request to send back the difference. Do not act before the money is actually in your account and check with Contango Asset Management Limited if anything seems off.

How to check CNANAU31 before you pay

The safest source for the BIC is the recipient’s own bank details. Check that code against CNANAU31 here.

If the code is wrong, the payment might be delayed, bounce back or cost extra, and tracing it can take weeks. A mistake in the account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

Most online banking apps validate the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks compare the name against the account – do not ignore a mismatch warning. Sending a small amount first can be a sensible step for large sums, even if it costs an extra fee.

Sending AUD to Contango Asset Management Limited

Most accounts at Contango Asset Management Limited are usually held in AUD, the local currency. A payment in a foreign currency will be exchanged into AUD on its way to Contango Asset Management Limited – and the bank that does it picks the rate. Every conversion costs the amount.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Sending the amount already in AUD often prevents an extra conversion at the receiving end – as long as your own rate is good.

The rate for AUD fluctuates throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even small gap in the rate adds up quickly.

Incoming international payments to Contango Asset Management Limited

To receive a transfer from abroad into your account at Contango Asset Management Limited, the sender needs more than the BIC. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the BIC CNANAU31XXX (or CNANAU31) and, often, your postal address.

It helps to add Contango Asset Management Limited and its city too, since some forms ask for it. A typo in the IBAN can be harder to fix than you might think; copy them from your banking app rather than typing.

The amount you receive is often less than the amount sent. Charges on incoming payments vary per bank; check the price list of Contango Asset Management Limited. Make clear with the sender who pays which costs.

Where our SWIFT data comes from

We gather bank codes using public sources and check our list from time to time. Institutions merge, close branches and change codes. The figures on this page reflect what is in our directory and not on information from Contango Asset Management Limited itself.

Use this page as a starting point, rather than as the final word – the bank details from the recipient are leading. We are a comparison site and not affiliated with Contango Asset Management Limited. If you notice a mistake, we welcome a short note via the contact page.

International transfers from Contango Asset Management Limited: the real cost

If you send money to another country from Contango Asset Management Limited, the fee you see is rarely all of the cost. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, most importantly, the margin on the exchange rate if the currency changes.

That exchange rate margin tends to be the largest cost, and it is easy to miss. An easy check: set the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For many routes, a transfer service is less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares the amount that arrives across services. Choosing a specialist does not require closing your account at Contango Asset Management Limited.

Transfer times and tracking a payment to Contango Asset Management Limited

There is no fixed answer for international payments: some land within a day, others take several business days. Bank holidays in either country can add a day or more. Extra checks on larger or unusual payments can also cause some delay, regardless of the details.

A growing number of banks use SWIFT gpi. Every payment carries a unique transaction reference, the UETR. Money transfer services usually provide a status in their app showing how far the money has got.

If the money does not arrive within the expected time, the person who paid needs to contact the bank that sent it rather than Contango Asset Management Limited. Ask the sender for the payment receipt – it helps your own bank look for the money.