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)
DTCC and Swift named to provide CFTC Interim Compliant Identifier
Brussels, 25 July 2012 - The Depository Trust & Clearing Corporation (DTCC) and Swift announced today that they have been named by the Commodity Futures Trading Commission (CFTC) to provide the CFTC Interim Compliant Identifier (CICI) for legal entities involved in OTC derivatives trading.
DTCC and Swift Launch CFTC Interim Compliant Identifier (CICI) Utility
New York, August 21, 2012 ─ The Depository Trust & Clearing Corporation (DTCC) and Swift announced today that they have launched a Web portal at www.ciciutility.org to begin assigning CFTC Interim Compliant Identifiers (CICIs) after being designated by the U.S. Commodity Futures Trading Commission (CFTC) to do so.
Cass report identifies challenges and opportunities for Dubai as an International Financial Centre
Dubai, 17 September 2013
Swift introduces Entity Plus Directory in response to regulatory reporting on counterparty transactions
New SwiftRef directory identifies entities and cross-references key identifiers to assist with regulatory reporting
Swift Adds BIC to LEI Directory to its SwiftRef Platform
New directory will enable easy mapping between Business Identifier Codes (BICs) and Legal Entity Identifiers (LEI)
Swift and Accenture outline path to Distributed Ledger Technology adoption within financial services
New paper analyses the opportunities and challenges of distributed ledger technology in financial services; identifies key factors for success
Swift launches Compliance Analytics Service to help banks manage financial crime risk
Using Swift traffic data, Compliance Analytics will help banks visualise their global transaction flows and identify unexpected patterns or activities.
Swift shares industry insights from annual Business Forum London event
Swift’s polling results identify securities settlement as an area to be most impacted by distributed ledger technology in the next five years
Pioneering securities tracking to tackle settlement fails
As the costs of settlement fails rise, the industry is increasingly using the Unique Transaction Identifier (UTI) to enhance end-to-end transparency across the securities settlement chain.
Swift to host open API hackathon to foster innovation in cross-border payments in Africa
Hackathon open to all developers and engineers working in financial sector and to identify new solutions to for cross-border payments into and across Africa