Business Party Prefix
Business Party Prefix. A four-character (4 alphanumeric) code associated with the individual institution or business.
For new BIC registration by an organization already identified with a BIC or an affiliated organization [after the transition period ending November 2018], SWIFT will still reserve the usage of an existing party prefix to these organizations. This legacy rule will be reserved to existing BIC owners. If they wish to preserve this value, no other organization will be allowed to use the same code
- Bank Code
- ISO 9362:2014 Banking -- Banking telecommunication messages -- Business identifier code (BIC)
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