11-character BIC
An 11-character BIC (optional element attached to 8-character BIC) that comprises the following components: party prefix, country code, party suffix, and branch identifier.
8-character BIC
A BIC that comprises the following components: party prefix, country code, and party suffix.
See also business party identifier.
additional BIC
An organisation may register several 8-character BICs, the additional BIC(s) is always linked to the primary BIC. The additional BIC may be connected to the Swift network or not and may be published or not published.
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ISO 20022 in bytes for payments: Supporting your CBPR+ readiness
Welcome to the 9th edition of ISO 20022 in bytes for payments, as we continue supporting community preparations for November 2022.
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ISO 20022 in bytes for payments: Less than three months till CBPR+ general go-live!
Due to the start of the go-live and the coexistence period for ISO 20022 for CBPR+ changing to 20 March 2023 some of the information in the content is out of date. For more information on the migration to ISO 20022 in payments please visit our readiness page.
With the completion of the FINplus RMA bootstrap and the start of early adoption, it’s been a busy last few weeks in the CBPR+ world for our community. In particular, there has been further progress on messaging interface upgrades for…
ISO 20022 in bytes for payments: Focus on instruction messages for November 2025
With 18 months to go until the end of the coexistence period, the daily average number of CBPR+ messages exchanged now exceeds one million.
With steady progress continuing, at its March 2024 meeting, the Swift Board re-confirmed the community’s commitment to November 2025 as the end of the MT/ISO 20022 cross-border coexistence period, emphasising that priority should be given to instruction messages to ensure operational continuity and ongoing interoperability.
ISO 20022 in bytes: The voice of the German community, Swift platform connectivity guidance and more
Welcome to the 4th edition of ISO 20022 in bytes. In this edition we’ve got a deep dive into how the German community is fostering harmonisation and interoperability of payments with CBPR+, by actively engaging in domestic and global working groups.
Despite the unprecedented times we’re living through, the mobilisation of the Swift community to prepare for the adoption of CBPR+ (and HVPS+ for domestic payment systems) has been remarkable, with more than 60% having started their ISO learning or…