Business identifier code - Revision history

imported>Doug Williamson: Add link.

2022-09-25T13:33:35Z

Add link.

← Older revision		Revision as of 13:33, 25 September 2022
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	== See also==		== See also==
	*[[Bank identifier code]]		*[[Bank identifier code]]
			* [[International bank account number]] (IBAN)
	* [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT)		* [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT)

imported>Doug Williamson: Mend link.

2022-06-27T05:42:19Z

Mend link.

← Older revision		Revision as of 05:42, 27 June 2022
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	== See also==		== See also==
	*[[Bank identifier code]]		*[[Bank identifier code]]
	*[[~~SWIFT~~]]		* [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT)


	==~~=Other links=~~==		==External link==
	* [http://www.iso.org/iso/home.htm International Organization for Standardization]		* [http://www.iso.org/iso/home.htm International Organization for Standardization]

	[[Category:Cash_management]]		[[Category:Cash_management]]

imported>Doug Williamson: Delete link.

2016-11-16T21:27:43Z

Delete link.

← Older revision		Revision as of 21:27, 16 November 2016
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	== See also==		== See also==
	*[[Bank identifier code]]		*[[Bank identifier code]]
	*[[BIC]]
	*[[SWIFT]]		*[[SWIFT]]

imported>Doug Williamson: Layout.

2016-11-15T19:24:16Z

Layout.

← Older revision		Revision as of 19:24, 15 November 2016
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	Business identifier code, also known as the BIC, is a unique identification code for a particular institution or a part of it. It was originally called the bank identifier code.		Business identifier code, also known as the BIC, is a unique identification code for a particular institution or a part of it. It was originally called the bank identifier code.


	BICs follow the standards set out in ISO 9362:2009, the 3rd edition issued by the International Organization for Standardization (ISO).		BICs follow the standards set out in ISO 9362:2009, the 3rd edition issued by the International Organization for Standardization (ISO).

imported>Doug Williamson: Layout.

2015-05-11T09:27:33Z

Layout.

← Older revision		Revision as of 09:27, 11 May 2015
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	==Other links==		===Other links===
	* [http://www.iso.org/iso/home.htm International Organization for Standardization]		* [http://www.iso.org/iso/home.htm International Organization for Standardization]

	[[Category:Cash_management]]		[[Category:Cash_management]]

imported>Doug Williamson: Changed position and layout of other link to hide URL

2015-04-11T08:38:21Z

Changed position and layout of other link to hide URL

← Older revision		Revision as of 08:38, 11 April 2015
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	*[[Bank identifier code]]		*[[Bank identifier code]]
	*[[BIC]]		*[[BIC]]
	*International Organization for Standardization http://www.iso.org/iso/home.htm
	*[[SWIFT]]		*[[SWIFT]]


			==Other links==
			* [http://www.iso.org/iso/home.htm International Organization for Standardization]

	[[Category:Cash_management]]		[[Category:Cash_management]]

imported>Doug Williamson: Layout

2015-04-09T20:44:58Z

Layout

← Older revision		Revision as of 20:44, 9 April 2015
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	BICs are 8 (BIC8) or 11 (BIC11) alphanumeric character strings and have no spaces in the strings.		BICs are 8 (BIC8) or 11 (BIC11) alphanumeric character strings and have no spaces in the strings.


	'''BIC8s''' can be taken as referring to the principal office.		'''BIC8s''' can be taken as referring to the principal office.
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	* Characters 5-6 are two character alphabetic country codes from ISO 3166-1 to identify where the institution is located.		* Characters 5-6 are two character alphabetic country codes from ISO 3166-1 to identify where the institution is located.
	* Characters 7-8, that may be alphabetic or numeric, make this more precise, identifying a region or a city for example. They are often called the location code.		* Characters 7-8, that may be alphabetic or numeric, make this more precise, identifying a region or a city for example. They are often called the location code.


	'''BIC11s''' add 3 alphabetic characters to be more specific - a department or a physical branch for example and these three characters are often called the branch code.		'''BIC11s''' add 3 alphabetic characters to be more specific - a department or a physical branch for example and these three characters are often called the branch code.

imported>Doug Williamson: Spacing added

2015-04-07T15:10:18Z

Spacing added

← Older revision		Revision as of 15:10, 7 April 2015
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	Business identifier code, also known as the BIC, is a unique identification code for a particular institution or a part of it. It was originally called the bank identifier code~~. BICs follow the standards set out in ISO 9362:2009, the 3rd edition issued by the International Organization for Standardization (ISO)~~.		Business identifier code, also known as the BIC, is a unique identification code for a particular institution or a part of it. It was originally called the bank identifier code.

	~~SWIFT,~~ in ~~its role of~~ ISO ~~Registration Authority~~, ~~issues BICs to financial and non-financial institutions connected to~~ the SWIFT network, as well as to non-connected institutions. The BIC is used in financial transactions, exchange of messages between institutions, client and counterparty databases, compliance documents and many others.		BICs follow the standards set out in ISO 9362:2009, the 3rd edition issued by the International Organization for Standardization (ISO).

	BICs ~~are 8 (BIC8) or 11 (BIC11) alphanumeric character strings~~ and ~~have no spaces in~~ the ~~strings. BIC8s can be taken~~ as ~~referring~~ to ~~the principal office. BIC11s add 3 alphabetic characters to be more specific~~ - ~~a department or a physical branch for example and these three characters are often called the branch code~~.		SWIFT, in its role of ISO Registration Authority, issues BICs to financial and non-financial institutions connected to the SWIFT network, as well as to non-connected institutions.

	In the ~~BIC8:~~		The BIC is used in financial transactions, exchange of messages between institutions, client and counterparty databases, compliance documents and many others.
	The first 4 characters are alphabetic and identify the institution and are often referred to as the institution code.
	Characters 5-6 are two character alphabetic country codes from ISO 3166-1 to identify where the institution is located.
	Characters 7-8, that may be alphabetic or numeric, make this more precise, identifying a region or a city for example. They are often called the location code.		BICs are 8 (BIC8) or 11 (BIC11) alphanumeric character strings and have no spaces in the strings.

			'''BIC8s''' can be taken as referring to the principal office.

			* The first 4 characters are alphabetic and identify the institution and are often referred to as the institution code.
			* Characters 5-6 are two character alphabetic country codes from ISO 3166-1 to identify where the institution is located.
			* Characters 7-8, that may be alphabetic or numeric, make this more precise, identifying a region or a city for example. They are often called the location code.

			'''BIC11s''' add 3 alphabetic characters to be more specific - a department or a physical branch for example and these three characters are often called the branch code.


			As an example of how it works in practice, and taking a non-bank, Diageo plc's London HQ has BIC8: DIAGGB2L. Its Warwick branch, called "Reverse Billing", has DIAGGB2LCTB.

	~~As an example of how it works in practice, and taking a non-bank, Diageo plc's London HQ has BIC8 DIAGGB2L. Its Warwick branch, called "Reverse Billing", has DIAGGB2LCTB.~~

	== See also==		== See also==

imported>Doug Williamson: Add space.

2014-06-19T15:02:00Z

Add space.

← Older revision		Revision as of 15:02, 19 June 2014
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	SWIFT, in its role of ISO Registration Authority, issues BICs to financial and non-financial institutions connected to the SWIFT network, as well as to non-connected institutions. The BIC is used in financial transactions, exchange of messages between institutions, client and counterparty databases, compliance documents and many others.		SWIFT, in its role of ISO Registration Authority, issues BICs to financial and non-financial institutions connected to the SWIFT network, as well as to non-connected institutions. The BIC is used in financial transactions, exchange of messages between institutions, client and counterparty databases, compliance documents and many others.

	BICs are 8 (BIC8) or 11 (BIC11)alphanumeric character strings and have no spaces in the strings. BIC8s can be taken as referring to the principal office. BIC11s add 3 alphabetic characters to be more specific - a department or a physical branch for example and these three characters are often called the branch code.		BICs are 8 (BIC8) or 11 (BIC11) alphanumeric character strings and have no spaces in the strings. BIC8s can be taken as referring to the principal office. BIC11s add 3 alphabetic characters to be more specific - a department or a physical branch for example and these three characters are often called the branch code.

	In the BIC8:		In the BIC8:
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	*[[SWIFT]]		*[[SWIFT]]

	[[Category:~~Payment_and_Clearing_Systems~~]]		[[Category:Cash_management]]

imported>John Grout at 13:33, 19 June 2014

2014-06-19T13:33:26Z

← Older revision		Revision as of 13:33, 19 June 2014
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	In the BIC8:		In the BIC8:
	The first 4 characters are alphabetic and identify the institution and are often referred to as the institution code.		The first 4 characters are alphabetic and identify the institution and are often referred to as the institution code.
	Characters 5-6 are two character alphabetic country codes from ISO 3166-1 ~~country code~~ to identify where the institution is located.		Characters 5-6 are two character alphabetic country codes from ISO 3166-1 to identify where the institution is located.
	Characters 7-8, that may be alphabetic or numeric, make this more precise, identifying a region or a city for example. They are often called the location code.		Characters 7-8, that may be alphabetic or numeric, make this more precise, identifying a region or a city for example. They are often called the location code.