1.6 BIC Directory
This topic describes the information to configure the BIC directory for a customer.
The Business Identifier Code (BIC) or BIC code is employed by banks to identify other banks in international financial transactions. The BIC is an 8-character code, defined as a business party identifier, comprising the business party prefix (4 alphanumeric characters), the country code according to ISO 3166-1 (2 alphabetic characters), and the business party suffix (2 alphanumeric characters). Furthermore, the branch identifier, an optional 3-character element, can complement the 8-character BIC. It is used to identify specific locations, departments, services, or units of the same business party.
This topic contains the following subtopics:
- Create BIC Directory
This topic describes the systematic instructions to configure a BIC directory for a customer. - View BIC Directory
This topic describes the systematic instructions to view the list of configured BIC directory.
Parent topic: Core Maintenance