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 linksBusiness Identifier Code (www.swift.com)
Tackling securities settlement fails
Learn how a unique transaction identifier can help you prevent settlement fails, reduce costs and risk, and improve your customers’ experience.