Banking - Banking telecommunication messages - Business identifier code (BIC)
|Publication Date:||1 December 2014|
|ICS Code (Finances. Banking. Monetary systems. Insurance):||03.060|
This International Standard specifies the elements and structure of a universal identifier code, the business identifier code (BIC), for financial and non-financial institutions, for which such an international identifier is required to facilitate automated processing of information for financial services.
The BIC is used for addressing messages, routing business transactions and identifying business parties.
This International Standard applies to organizations and excludes individual persons.