Citic Securities Company Limited SWIFT/BIC code

Citic Securities Company Limited SWIFT code: CSCLCNBJ

Whether a recipient gives you CSCLCNBJ or CSCLCNBJXXX, it is the same address for Citic Securities Company Limited in China. A BIC has a single purpose: it makes sure that money from abroad ends up at the right bank. In practice you mostly see it on invoices from abroad, in payment forms and on the account details that Citic Securities Company Limited provides.

On this page we explain how the code is put together, when you need it and which other details you need for a transfer to or from Citic Securities Company Limited. Remember that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

How to check CSCLCNBJ before you pay

The best place to find the correct BIC remains paperwork issued by the bank. Compare it against CSCLCNBJ on this page; if they differ, ask before you pay.

A wrong SWIFT code can cause delays, a returned payment or extra fees. Do not forget the account number: an error there is more difficult to correct than a wrong BIC.

Most online banking apps check the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. More and more banks compare the name with the account; take any warning seriously. A small test payment can be a sensible step for large sums despite the extra fee.

Receiving money from abroad at Citic Securities Company Limited

When you expect a payment from another country, send the payer all details at once. That means: your name as registered with Citic Securities Company Limited, your IBAN or account number, the BIC CSCLCNBJXXX and sometimes your postal address.

Certain banks want the name and address of Citic Securities Company Limited in Shenzhen, so keep it at hand. A typo in the IBAN is harder to fix than it looks, so copy the details from your online banking.

The amount you receive is often less than the amount sent. Correspondent banks can take a fee, and if the money is converted, a markup on the rate comes on top. On invoices, you can agree how the fees are split to avoid a shortfall.

Why Citic Securities Company Limited has an 8- and an 11-character code

A SWIFT code is made up of fixed blocks: the first four letters identify the bank, characters five and six show the country and the two after that mark the location. In this case, that core is CSCLCNBJ.

XXX at the end of CSCLCNBJXXX is not a placeholder or a mistake: it indicates the head office of Citic Securities Company Limited. Some forms ask for 11 characters, and then you simply enter XXX after CSCLCNBJ.

In practice the code is typed in capitals and without spaces. Pasting the code beats retyping it.

About this information

The details here are taken from public sources which we refresh regularly. Still, banks merge or retire codes and our data may lag behind. Figures such as the number of codes are from our directory and may differ from what Citic Securities Company Limited publishes.

Treat this page as a reference, not as the final word. GoldexPay is independent of Citic Securities Company Limited, we only compare transfer services. Should you notice a mistake, we appreciate a short note via the contact page.

International transfers from Citic Securities Company Limited: the real cost

A bank transfer abroad costs more than the listed fee. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup if the currency changes.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts at a rate that includes a margin. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. On GoldexPay you can compare what recipients receive with different services, so you can pick the cheapest route. You can always use your account at Citic Securities Company Limited as the source of the money; only the conversion and sending happen elsewhere.

Choosing between the 2 SWIFT codes of Citic Securities Company Limited

Citic Securities Company Limited uses 2 separate SWIFT/BIC codes across 2 cities. One of them is the head office code, CSCLCNBJXXX; the rest belong to branches or departments, and sometimes specific services.

For the vast majority of incoming transfers, the head office code CSCLCNBJXXX is the right choice. If you have been given a specific code, use it as it is instead of replacing it for the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Branch codes can change when banks reorganise, so do not rely on old paperwork.

Tracking a transfer to or from Citic Securities Company Limited

There is no fixed delivery time: some arrive within a day. Weekends and public holidays in the sending or receiving country can add extra days. Extra checks on larger or unusual payments may also cause a delay.

If a transfer seems delayed, ask your bank about the status and the transaction reference; with that reference banks can see where the payment is. Keep your transfer receipt.

The bank that sent the money can start an official trace. Request from the sender a copy of the payment confirmation.

Protect yourself against fake payment requests

Stay wary if a contact suddenly asks you to pay into a different account abroad. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Always verify a change of bank details by phone, using a number you already had. Pressure and secrecy tend to be red flags; a genuine business can wait for you to check. Already paid? Contact the bank you paid from straight away and ask them to start a recall and report the fraud.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference to another account. Do not act before the money is actually in your account and check with Citic Securities Company Limited if anything seems off.

The Chinese Yuan and what conversion costs you

China uses the Chinese Yuan. If you send money in a different currency, the amount gets converted at some point: by your bank, an intermediary or Citic Securities Company Limited itself. Each conversion eats into something – usually through the rate rather than a fee.

Who does the conversion has an effect on how much arrives. Transferring the amount directly in CNY usually prevents an extra conversion at the receiving end – as long as your own rate is good.

Rates for CNY change all the time. On larger amounts, even seemingly small difference in the rate adds up quickly.