BIC (Business Identifier Code)
A Business Identifier Code (BIC) is a standardized 8 or 11 character code defined by ISO 9362 used to uniquely identify financial and non-financial institutions globally. BICs are primarily processed by the SWIFT network to route cross-border payment instructions, letters of credit, and treasury messages safely between correspondent banks.
Aliases: SWIFT code, SWIFT-BIC, Bank Identifier Code
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).