ABN AMRO HOARE GOVETT ASIA INC SWIFT CODE
HGASUS31 – ABN AMRO HOARE GOVETT ASIA INC.
This SWIFT code is inactive
| SWIFT CODE | HGASUS31 |
|---|---|
| BANK | ABN AMRO HOARE GOVETT ASIA INC. |
| ADDRESS | 1325 AVENUE OF THE AMERICAS, FLOOR 11 |
| CITY | NEW YORK |
| BRANCH | |
| POSTCODE | 10019 |
| COUNTRY | United States |
ABN AMRO HOARE GOVETT ASIA INC SWIFT Code and Remittance Details
History and Background
ABN AMRO Hoare Govett Asia Inc (AAHGA) is an investment bank and brokerage firm headquartered in New York, USA. Founded in 2000, AAHGA provides financial services mainly focusing on Asian securities and capital markets. It serves institutional investors and corporations through equity research, sales and trading services.
Services and Offerings
As an investment bank, AAHGA offers the following main services:
- Equity research and analytics on Asian companies
- Institutional brokerage and trading of Asian securities
- Corporate access to Asian capital markets
- Strategic advisory services related to Asian markets
With its specialized knowledge and network, AAHGA facilitates cross-border investments and transactions in key Asian countries.
Understanding SWIFT and SWIFT Codes
What is SWIFT?
SWIFT stands for the Society for Worldwide Interbank Financial Telecommunications. Founded in 1973, SWIFT operates a worldwide messaging network that enables financial institutions globally to send and receive secure information about financial transactions.
Structure and Format of SWIFT Codes
SWIFT codes are formatted as follows:
- 4 letters for bank code
- 2 letters for country code
- 2 digits for location code
- 3 letters for branch code (optional)
For example: ABCDCC00XXX
The key sections as seen here are Bank ID code, Country Code, Location Code, and Branch Code.
Uses and Importance of SWIFT Codes
SWIFT codes allow automated and standardized communication between banks and financial entities globally. They are integral to:
- International wire transfers and remittances
- Letters of credit, payments, and cash management
- High-value cross-border transactions
- Settlement of interbank payments and receipts
SWIFT codes help route messages correctly during financial transactions.
Details of SWIFT Code HGASUS31
Complete SWIFT Code Breakdown
HGASUS31
Here is what the sections of this SWIFT code indicate:
- HGAS – ABN AMRO Hoare Govett Asia Inc bank code
- US – Country code for United States
- 31 – Location code for New York
- XXX – Branch code not assigned
Location and Address
This SWIFT code corresponds to the following bank address:
ABN AMRO Hoare Govett Asia Inc.
1325 Avenue of the Americas, Floor 11
New York, NY 10019
USA
Bank Details and Money Transfers
The bank details allow interbank communications for wire transfers, remittances and other transactions.
For cost-effective money transfers to beneficiaries in USA or Asia, customized services from remittance partners like Wise can offer better exchange rates and lower fees.
Conclusion
Key Details Summarized
In summary, SWIFT code HGASUS31 identifies ABN AMRO Hoare Govett Asia Inc bank and branch located at New York, USA. Understanding the SWIFT network, code structure and uses allows efficient routing of cross-border payments and messages during financial transactions.
Recommendations for Transfers and Remittances
Leveraging SWIFT, it helps to use leading money transfer operators like Wise for international remittances. Their online platforms, exchange rates and transfer mechanisms can offer more affordable options vs banks.
FAQs
Q1. How do I find SWIFT codes for other banks?
A1. SWIFT codes for thousands of banks globally can be searched via online SWIFT code directories maintained by SWIFT as well as third-parties. Bank websites also publish their SWIFT codes.
Q2. Can I make personal transfers with this SWIFT code?
A2. No, this SWIFT code is for bank-to-bank communications only. For personal remittances and transfers, utilize services like Wise or Remitly that accept personal payments.
Q3. Does SWIFT process the actual money transfers?
A3. No, SWIFT provides messaging services between banks. The corresponding banks and settlement systems take care of transferring and settling funds.
Q4. How safe and secure is SWIFT from cyber threats?
A4. SWIFT prioritizes cybersecurity given its global financial system role. However, like any network, it remains under persistent threat needing continued vigilance.
Q5. What is the typical transaction cost for SWIFT wire transfers?
A5. Transaction fees vary by remittance amount and bank policies. On average, SWIFT transfers can cost $40 or more per transaction, with FX conversion also adding costs