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The directory is maintained by VocaLink on behalf of UK Payments Administration (formally APACS). The ISCD contains the sort code , SWIFT Bank Identifier Code (BIC), payment information, clearing information and contact details for all bank branches and sub-branches involved in the UK payment clearing system.
Six-digit "sorting codes" were introduced in a staggered process from 1957 as the banking industry moved towards automation. The national codes were retained but where a single digit was used to identify the bank a two-digit range was introduced. So, for example, Barclays codes went from starting with a 2 to 20, Midland from 4 to 40, etc. [3]
Those needing a SWIFT code can typically search for the bank name plus the term "SWIFT code" and easily find a bank's SWIFT codes. A bank may have multiple SWIFT codes, so it's important to find ...
The account number is ten characters long and uses all of the weights, whereas the bank code + branch code are eight characters long and thus use only the last eight weights in the calculation (or equivalently, pad with two zeros on the left and use the ten weights). Sweden [17] The algorithm and the digits to which it applies vary from bank to ...
The (national) bank codes differ from the international Bank Identifier Code (BIC/ISO 9362, a normalized code - also known as Business Identifier Code, Bank International Code and SWIFT code). Those countries which use International Bank Account Numbers (IBAN) have mostly integrated the bank code into the prefix of specifying IBAN account numbers.
SWIFT messages consist of five blocks of data including three headers, message content, and a trailer. Message types are crucial to identifying content. All SWIFT messages include the literal "MT" (message type/text [2]). This is followed by a three-digit number that denotes the message category, group and type. Consider the following two examples.
FCMB Bank (UK) Limited, owned by First City Monument Bank of Nigeria; Zenith Bank (UK), owned by Zenith Bank of Nigeria; Bank of Ireland UK, owned by Bank of Ireland of the Republic of Ireland; one of the leading banks in Northern Ireland, and present in Great Britain to a lesser extent; Citibank (UK), owned by Citigroup of the United States
The previous edition is ISO 9362:2009 (dated 2009-10-01). The SWIFT code is 8 or 11 characters, made up of: 4 letters: institution code or bank code. 2 letters: ISO 3166-1 alpha-2 country code (exceptionally, SWIFT has assigned the code XK to Republic of Kosovo, which does not have an ISO 3166-1 country code) 2 letters or digits: location code