Business identifier code

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Revision as of 10:21, 30 October 2013 by imported>Doug Williamson (See also added and spacing - 30/10/13)
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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.


See also