Current Article

Swift Confirms Plans for BIC in Business Entity Identifier Space

At 17 Jul 2008 08:46:57 in RDR-Entity Identifiers, Reference Data Review Full content requires subscription

Following months of industry speculation about whether it had dropped the idea altogether, Swift has finally confirmed its plans for the Bank Identifier Code (BIC) in the area of business entity identification. Swift indicated at the start of the year that it was reviewing the business case for introducing an international business entity identifier (IBEI) and it seems that after a period of reflection, it will be extending the BIC to cover non-financial institutions. However, its request for an extension of the BIC standard, which was submitted to ISO TC068 last month, only covers financial messaging and is not an all-encompassing IBEI.

You must login and be a subscriber to see the rest of this article.

Existing Users Login

Free User Registration

To create a free user account which grants you access to an entire library of free issues, articles, and research reports (click here for the full list) fill out and submit the form below.

* Required
Email (as login):*
Confirm Email:*
First Name:*
Last Name:*
Company:
Classification:
Company Type:
Department:
Job Title:
Job Role:
Day Phone:*
Mobile:
Fax:
Address:*
Address 2:
City:*
State/Province/Suburb:*
Postal Code/Zip:*
Country:*