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branch identifier

An optional 3-character code that is part of the BIC. The branch identifier is used to identify a specific branch or department of an organisation. The 3-character code forms part of the 11-character BIC.

Related links
Business Identifier Code (www.swift.com)

Tackling securities settlement fails

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Learn how a unique transaction identifier can help you prevent settlement fails, reduce costs and risk, and improve your customers’ experience.
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