1.49 Upload BIC Files

This topic describes the files available in the BICPlusIBAN directory.

SWIFT allows to upload the entire BIC file or individual records like Amendments (AM)and File Instructions (FI) record files within the BIC upload file, on to the BIC directory. The user can perform this through the BIC Upload screen.

The BICPlusIBAN directory consists of the following files:

• BI File (BICPlusIBAN Information)
• IS File (IBAN Structure information)
• The BICPlusIBAN directory should be used to
• Translate Beneficiary Bank’s BIC into National (Clearing, Sort) Code
• Show Bank's Participation in RTGS System
• Show Bank's Details (Name, Address and so on)
• BICPlusIBAN Directory can also be used as an enquiry tool
• SEPA Related
• Derive BIC from the IBAN, if missing
• Validate IBANs and BICs

On successful upload of BIC Plus IBAN, the system populates the SWIFT BIC directory and the clearing codes automatically.