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, as well as to non-connected institutions. The BIC is used in financial transactions, client and counterparty databases, 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, as well as to non-connected institutions. The BIC is used in financial transactions, client and counterparty databases, compliance documents and many others. | ||
== See also== | == See also== | ||
Revision as of 14:18, 14 May 2014
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.
