Business identifier code: Difference between revisions
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imported>Doug Williamson m (Comma inserted after network. Data bases changed to one word 'databases'.) |
imported>Doug Williamson m (Corrected link for SWIFT - 12/11/13) |
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*[[Bank identifier code]] | *[[Bank identifier code]] | ||
*[[BIC]] | *[[BIC]] | ||
[[ | *[[SWIFT]] | ||
[[Category:Payment_and_Clearing_Systems]] | [[Category:Payment_and_Clearing_Systems]] | ||
Revision as of 16:13, 12 November 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, as well as to non-connected institutions. The BIC is used in financial transactions, client and counterparty databases, compliance documents and many others.
