bank identifier code

ISO 9362 (also known as BIC code or SWIFT code) is a standard format of Bank Identifier Codes approved by the International Organization for Standardization. It is the unique identification code of a particular bank.It can be found on account statements. It is necessary for sending money across countries. It may be found on currency. These codes are used when transferring money between banks, particularly international transfers.The overlapping issue between ISO 9362 and ISO 13616 is discussed in the article International Bank Account Number.
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A universal means of identifying financial institutions in order to facilitate the automated processing of telecommunication messages in financial environments.