what is a BIC
ISO 9362 (also known as SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) defines a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO).It is a unique identification code for both financial and non-financial institutions.here are over 7,500 live codes (for partners actively connected to the BIC network) and an estimated 10,000 additional BIC codes which can be used for manual transactions. 2009 version is now replaced by the latest edition (ISO 9362:2014 dated 2014-12-01).