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.
Swift Compatible Application
The Swift Compatible Application programme is available for applications connecting to Swift via Swift Alliance Access for all Swift-related market segments
Swift GPI Day Dubai – a deep dive into the future of cross border payments
On 6 March, 2018, representatives from more than 150 financial institutions and corporates from across the Middle East gathered in Dubai to discuss how Swift’s global payment innovation (gpi) service is transforming the world of cross-border payments.
ISO 20022 in bytes for payments: Swift accepts community request to begin ISO 20022 migration in March 2023
On 20 October 2022, the ECB shared its decision delaying the ISO 20022 migration of the Eurosystem by four months. In light of this announcement and in line with our earlier scenario planning, Swift committed to further analyse and validate impacts on the timeline for CBPR+ with a view to maintaining operational and business continuity across the global financial system.
An overwhelming majority of our global community has requested that we align the start of the global ISO 20022 migration for…
Swift Essentials
… Essentials contract of all the customers having Messaging BIC(s) in your Screening Utility group. Change your Screening …
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CIPS membership information now published on SwiftRef
Easy access to CIPS data will facilitate transactions between China and the rest of the world