1.5 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.