ALASKA PERMANENT FUND CORPORATION SWIFT CODE
APFOUS8J – ALASKA PERMANENT FUND CORPORATION
| SWIFT CODE | APFOUS8J |
|---|---|
| BANK | ALASKA PERMANENT FUND CORPORATION |
| ADDRESS | MICHAEL J. BURNS BUILDING 801 WEST 10TH STREET, FLOOR 3 |
| CITY | JUNEAU |
| BRANCH | |
| POSTCODE | 99801 |
| COUNTRY | United States |
SWIFT Code APFOUS8J Breakdown
SWIFT CODE
APFOUS8J or APFOUS8JXXX
BANK CODE
APFO – code assigned to ALASKA PERMANENT FUND CORPORATION
COUNTRY CODE
US – code belongs to United States
LOCATION CODE
8J – code represents the institution location
CODE STATUS
J – J means active code
BRANCH CODE
not assigned or XXX – code indicates this is a head office
SWIFT Code Details for Alaska Permanent Fund Corporation
What is a SWIFT Code?
A SWIFT code is an international bank code that identifies details about financial institutions globally. It stands for Society for Worldwide Interbank Financial Telecommunication code.
SWIFT codes consist of 8 or 11 alphanumeric characters that provide information about the bank’s location and business.
Overview of Alaska Permanent Fund Corporation
History
The Alaska Permanent Fund Corporation (APFC) was created in 1976 when Alaskan voters approved a constitutional amendment establishing the Alaska Permanent Fund. The purpose was to invest a portion of the state’s oil revenue for the long-term benefit of current and future generations.
The APFC is a government corporation responsible for prudently investing and managing the assets of the Alaska Permanent Fund. Over the past decades, the Fund has built up substantial financial assets and regularly pays dividends to eligible Alaskans.
Purpose and Mission
The purpose of the APFC is to invest the Alaska Permanent Fund’s financial assets responsibly to produce long-term growth. Its mission is to protect and grow Fund assets over the long term to generate inflation-proof earnings for dividends and operating expenses.
The Board of Trustees oversees the corporation’s operations and investment decisions to accomplish its fiduciary responsibility to Alaskans.
Leadership and Governance
The APFC is overseen by a six-member Board of Trustees, appointed by the Governor of Alaska. The Board is responsible for investment policy, asset allocation, spending policy, and executive director selection.
Day-to-day operations are handled by an executive director who leads the investment management team. External investment managers and consultants provide recommendations and expertise.
SWIFT Code Components
The SWIFT code for the Alaska Permanent Fund Corporation is APFOUS8J. Let’s break down what each component signifies:
Country Code
The first two characters, US, denote the country location – the United States.
Bank Code
The next four characters, APFO, identify the bank name – Alaska Permanent Fund Corp.
Location Code
The fifth and sixth digits, 8J, indicate the geographic location – Juneau, Alaska headquarters.
Branch Code
No branch code is used in this 8-digit SWIFT code.
Benefits and Uses of SWIFT Code APFOUS8J
There are two primary reasons an entity would need the APFC’s specific SWIFT code:
International Money Transfers
To send an international wire transfer to the Alaska Permanent Fund Corporation, the sender needs to provide the receiver’s SWIFT code. This ensures correct routing through the SWIFT network.
Business Identifier
The unique SWIFT code also serves as an international business identifier confirming the company name and location. This is useful for verification purposes on legal documents, tax filings, and other correspondence.
Contacting Alaska Permanent Fund Corporation
Postal Address
Alaska Permanent Fund Corporation
Michael J. Burns Building
801 West 10th Street, Floor 3
Juneau, AK 99801
Phone and Email
Phone: (907) 796-1535
Email: [email protected]
Conclusion
The Alaska Permanent Fund Corporation’s SWIFT code APFOUS8J provides key details about this Alaskan government investment corporation. The 8-digit code identifies the country, bank name, location, and branch internationally.
Understanding SWIFT codes facilitates secure global money transfers and serves as a unique business identifier. Whether you are wiring funds or validating legal documents, use APFC’s official SWIFT code APFOUS8J for accuracy.
FAQs
What is the full name of APFC?
The Alaska Permanent Fund Corporation.
Who appoints APFC’s Board of Trustees? The Governor of Alaska appoints the 6 members of the APFC Board of Trustees.
What city is APFC headquartered in? Juneau, Alaska.
What assets does APFC manage? APFC invests and manages the financial assets of Alaska’s Permanent Fund.
Does APFC handle dividend payments? No. Dividend distributions are managed by the Alaska Department of Revenue Permanent Fund Dividend Division.