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 explores blockchain as part of its global payments innovation initiative
Proof of Concept launched to determine if distributed ledger technology could help banks reconcile their nostro databases in real time
Universal Confirmations: Answers to your key questions
With the deadline to confirm payments approaching, here’s what you should know to get prepared.
Surecomp joins the SwiftRef Partner Programme
Surecomp, a leading provider of global trade solutions for banks and corporations, today confirmed that it is a fully accredited member of the SwiftRef Partner Programme
It’s here! A faster search with a better user experience
We are pleased to announce our new search platform that provides you with a much improved user experience. It is designed to help you find what you need, faster and with greater ease and accuracy.
Global LEI Foundation and Swift Introduce the First Open Source BIC-to-LEI Relationship File
As announced in the recent Global LEI Foundation (GLEIF) Press Release, Swift and GLEIF have collaborated to provide the First Open Source BIC-to-LEI Relationship File
Swift and EBA CLEARING launched revamped EURO1/STEP1 Directory
New Directory version with enhanced functionality and usability
ISO 20022 in bytes for payments: Supporting you through to the end of coexistence
The payments industry is in transition, converging from a wide variety of legacy message and data formats to ISO 20022: a common, global, end-to-end standard. Extra CBPR+ messages went live in November 2023, and we closed the year with a daily average exchange of 800K messages.
ISO 20022 adoption is a cornerstone of the Committee on Payments and Market Infrastructures (CPMI) agenda to improve cross-border payments. We’ll continue to build on the great start made in 2023 and support the Swift…
Payments Data Quality service: BNP Paribas sets the pace
Reinforcing the payment chain to promote transparency
How In-flow Translation is helping Rabobank prepare for ISO 20022 for payments
Swift’s In-flow Translation service plays a central role in helping financial institutions adopt ISO 20022 for cross-border payments at their own pace. Learn more about Rabobank’s experience.
Volante joins SwiftRef partner programme to offer a single source for payments reference data management
By joining SwiftRef, Volante users will have access to Swift for all their payments reference data needs, helping to reduce costs and improve straight-through-processing (STP) of international and SEPA payments.