Business identifier code

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Revision as of 14:18, 14 May 2014 by imported>Doug Williamson (Added 1 line space before see also)
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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.


See also