ISO 9362

ISO,better famous like code 9362 SWIFT or code BIC, is the standard that defines the Bank Identifier Codes (Codes of bancaria identification) approved of fromInternational Organization for Standardization (ISO). These codes come use you for the transfers of money between banks, especially in the international transactions.

Code SWIFT can be along 8 or 11 characters:

4 characters represent the bank
2 characters represent the nation second standard ISO 3166
2 characters represent the city where the bank is found
3 optional characters represent branch (office) (XXX represent the center of the bank)

In the case in which the code he is composed from 8 characters or last the three are three letters X can themselves be assumed that the code is reported to the headquarters them of the bank. The use of the code to 11 figures instead ago that the order of payment is directed to a specific branch (office).

The allocation of codes BIC comes managed from the Society for Worldwide Interbank Financial Telecommunication (society for the telecommunicationses world-wide inter-bank financial institutions), for this often the code comes often called SWIFT

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