Business identifier code and Consumer: Difference between pages

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(BIC).
''Economics - markets''.


A consumer is a market participant - often an individual - that buys goods and services for their own use.


Business identifier code, also known as the BIC, was originally called the bank identifier code.
Individual consumers generally participate in retail markets (rather than wholesale markets).


SWIFT (Society for Worldwide Interbank Financial Telecommunications)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.
Contrasted with a ''producer''.




==See also==
==See also==
*[[Bank identifier code]]
*[[British Retail Consortium]]
*[[Society for Worldwide Interbank Financial Telecommunications]]
*[[Challenger bank]]
*[[Conduct]]
*[[Consumer goods]]
*[[Consumer Prices Index]]  (CPI)
*[[Consumption]]
*[[Consumption expenditure]]
*[[Consumption function]]
* [[Demand]]
* [[Economics]]
* [[Economy]]
* [[Efficient market]]
*[[Expenditure]]
*[[Fast moving consumer goods]]
* [[Firm]]
*[[Harmonised index of consumer prices]]  (HICP)
* [[High street]]
* [[Household]]
* [[Market]]
* [[Market mechanism]]
* [[Market participant]]
* [[Personal Consumption Expenditures price index]]
*[[Poverty]]
*[[Producer]]
*[[Retail ]]
*[[Retail mobility index]]
*[[Retail payments]]
*[[Retail Prices Index]]
*[[Savings]]
*[[Small and Medium-sized Enterprises]]
* [[Supply]]
* [[Wholesale]]


[[Category:Payment_and_Clearing_Systems]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Latest revision as of 22:20, 13 August 2022