Whois & Analysis for theswiftcodes.com

ISO 6346 is an international standard covering the coding, identification and marking of intermodal (shipping) containers used within containerized intermodal freight transport.

The standard establishes a visual identification system for every container that includes a unique serial number (with check digit), the owner, a country code, a size, type and equipment category as well as any operational marks.

The standard is managed by the International Container Bureau (BIC).

ISO 9362 defines a standard format of Business Identifier Codes (also known as SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) approved by the International Organization for Standardization (ISO).

It is a unique identification code for both financial and non-financial institutions.

The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication.

The ISO has designated SWIFT as the BIC registration authority.

When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI.

These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks.

The codes can sometimes be found on account statements.

The ampersand is the logogram "&", representing the conjunction word "and".

It originated as a ligature of the letters et, Latin for "and".

A bank is a financial institution that accepts deposits from the public and creates credit.

Lending activities can be performed either directly or indirectly through capital markets.

Due to their importance in the financial stability of a country, banks are highly regulated in most countries.

Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities.

In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.