Business identifier code: Difference between revisions
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Business identifier code, also known as the BIC, 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. The BIC is used in financial transactions, client and counterparty data bases, compliance documents and many others. | Business identifier code, also known as the BIC, 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. | |||
The BIC is used in financial transactions, client and counterparty data bases, compliance documents and many others. | |||
==See also== | |||
*[[Bank identifier code]] | *[[Bank identifier code]] | ||
*[[BIC]] | *[[BIC]] | ||
Revision as of 10:21, 30 October 2013
Business identifier code, also known as the BIC, 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.
The BIC is used in financial transactions, client and counterparty data bases, compliance documents and many others.
