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BIC Search, a service available from the homepage
of the BIC Portal, provides access to basic BIC information:.
In order to ensure error-free identification of parties in automated systems,S.W.I.F.T.
developed the Bank Identifier Code (BIC).
The Bank Identifier Code is a unique address which, in telecommunication
messages,
identifies precisely the financial institutions involved in financial transactions.
This identification method was recognised by the International
Organisation for Standardisation
(ISO). This is a specialized international agency which co-ordinates the development
of
standards for a broad range of business activities.
S.W.I.F.T. is the designated registration authority for the
assignment of BICs and for the
publication of BICs in the BIC Directory. This Directory lists both S.W.I.F.T.
BICs ( BICs for
S.W.I.F.T. users) and non-S.W.I.F.T. BICs (BICs for non-S.W.I.F.T. users).
Non-S.W.I.F.T.
BICs can be used when having to refer to a non-S.W.I.F.T. user in the text
of financial
messages.
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