glossary
BIC (Bank Identifier Code)
BIC (Bank Identifier Code)

BIC code is a unique identifier which identifies an address or bank number of financial institutions. It is used in order to facilitate the automated processing of payments. The ISO 9632 standard specifies the elements and the structure of a BIC.

Example of a Bank Identifer Code

BARCGB2L

<Bank code><Country code><Location code><Branch code>

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