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The 2009 update of ISO 9362 broadened the scope to include non-financial institutions; before then BIC was commonly understood to be an acronym for Bank Identifier Code. There are over 7,500 "live" codes (for partners actively connected to the SWIFT network) and an estimated 10,000 additional BIC codes which can be used for manual transactions.
Also the name of bank codes varies. In some countries the bank codes can be viewed over the internet, but mostly in the local language. The (national) bank codes differ from the international Bank Identifier Code (BIC/ISO 9362, a normalized code - also known as Business Identifier Code, Bank International Code and SWIFT code).
The account number is ten characters long and uses all of the weights, whereas the bank code + branch code are eight characters long and thus use only the last eight weights in the calculation (or equivalently, pad with two zeros on the left and use the ten weights). Sweden [17] The algorithm and the digits to which it applies vary from bank to ...
IBAN and BIC codes are typically given as well so the bank knows where the money needs to be sent. The sending bank transmits a message, via a secure system (such as SWIFT or Fedwire), to the receiving bank, requesting that it effect payment according to the instructions given. The message also includes settlement instructions. The actual ...
The bank sort code must be specified for many business transactions in payment transactions (e.g. bank transfer). With the establishment of the Single Euro Payments Area (SEPA), which completely replaced the national payment systems from 1 February 2014, the bank codes in the participating countries were replaced by BIC (Business Identifier ...
SWIFT BIC-code; Argenta (bank) [1] Argenta Group Antwerp: ARSP BE 22 Attijariwafa Bank Europe Belgium [2] Le Groupe Attijariwafa bank Brussels: WAFA BE BB AXA Bank: AXA Group Brussels: AXAB BE 22 Bank J.Van Breda & Co Ackermans & van Haaren (78.75%), Promofi (21.25%) Antwerp JVBABE22XXX aion: Warburg Pincus: Monte dei Paschi di Siena group ...
The Extended Industry Sorting Code Directory (EISCD) is based upon the ISCD and was introduced to provide reference data to support the UK's Faster Payments service. The EISCD contains all data elements found within the ISCD, with the addition of a new section containing Faster Payments clearing information for each UK bank branch.
Bank BIC Namibia Limited (Bank BIC Namibia) is a commercial bank in Namibia. It is licensed by the Bank of Namibia (BoN), to operate and trade in the country. [3] The bank is a subsidiary of the Bank BIC Group, a financial services conglomerate based in Angola, with banking subsidiaries in Angola, Portugal, Cape Verde and Namibia, and with a representative office in South Africa.