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The CLABE (Clave Bancaria Estandarizada, Spanish for "standardized banking cipher" or "standardized bank code") is a banking standard for the numbering of bank accounts in Mexico.
The Banco Convention of 1905, between the United States and Mexico, was negotiated and signed in 1905 [1] and ratified by both nations in 1907. It resulted in 247 exchanges of bancos (land surrounded by bends in the river that became segregated by a cutoff often by the rapid erosion of the river channel) between the two nations from 1910 to 1976. [2]