Main Aims of BIC2
The stated aims behind BIC2 can be summarised as follows:
Removal of UK bias
The BIC scheme was originally conceived as a subject classification system for the UK book trade, which led to certain subjects being given an inflated degree of detail or prominence (eg English Law) or being taken out of objectively correct hierarchical sequence (eg British history).
A list of Bank SWIFT codes is something you may not think is useful until you need one. This allows the payment to be directed to a specific office. I am going one to our resources page for you to book mark for future reference, when you do. BIC have released a new set of codes (BIC Version 2) for categorising titles. The regulator has also recently noted that some firms are incorrectly populating their counterparty and customer or client identification fields when reporting principal trades.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| United Kingdom | London | ABN Amro Fund Managers Limited | ABN Amro Fund Managers Limited | AAFMGB21XXX |