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 updates reference data service
SwiftRef’s Bankers World Online query tool undergoes a facelift, adds improved search fields and simplified navigation for easier access to reference data
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…
CIPS membership information now published on SwiftRef
Easy access to CIPS data will facilitate transactions between China and the rest of the world
Swift enhances reference data quality for treasurers
SwiftRef’s new Customer Data Validation service supports corporate treasury teams with assessing and validating payments reference data
EBA CLEARING and Swift kick off EURO1 ISO 20022 migration for November 2021
EURO1’s core components to be maintained in order to preserve its key benefits and maximal alignment with TARGET2-related developments to be ensured
A seven-step guide for effective sanctions list management
Swift’s Nicolas Stuckens talks to Money Laundering Bulletin.
Universal confirmations – all you need to know
Confirmations of credit are coming to all Swift customer payments
Swift and EBA CLEARING start development phase of EURO1 migration to ISO 20022
The collaboration builds on a 20-year partnership and advances a broader future positioning programme that began last year
Why Payment Controls won Best Solution in Payments Fraud Prevention at the Regulation Asia awards
For the second year at the Regulation Asia awards, Payment Controls has been awarded Best Solution in Payments Fraud Prevention. Find out why.