This document 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 document applies to organizations and excludes individual persons.
Note:This standard is updated by aMaintenance Agency or Registration Authority
Status : PublishedPublication date : 2022-04
Edition : 5Number of pages : 5
Technical Committee:Reference data for financial services
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