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business party identifier

The first element of the BIC, used to identify a business party in a country. The business party identifier consists of 8 contiguous characters. It is composed of the party prefix, the country code, and the party suffix. The business party identifier is assigned by the Registration Authority.

Related links
Business Identifier Code (www.swift.com)

Business Identifier Code (BIC)

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BIC (Business Identifier Code) is an international standard for routing business transactions and identifying business parties.

Business Identifier Code (BIC)

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Business Identifier Code (BIC)

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Legal Entity Identifier (LEI)

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The LEI identifies legal entities in a consistent and accurate global structure, enabling all parties in a transaction to be referenced, clearly and unambiguously.

Business Intelligence: Identify and analyse relevant institution and market data

Resource
Swift Business Intelligence - Business Forum Frankfurt

Directly Connected Party

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CLS Third Party Services

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CLS Third Party Services

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CLS Third Party Services

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Swift’s CLS Third Party Service

Resource
Factsheet describing Swift's CLS Third Party Service
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