You wish to send money to some person overseas, withdraw money from any payment portal or making purchase payment via online banking. However, the FSA and approved reporting mechanisms (ARMs) have found the practical reality of implementation is much harder than first thought. For example, DEUTDEFF500 would direct the payment to an office of Deutsche Bank in Bad Homburg. BIC have released a new set of codes (BIC Version 2) for categorising titles. What are SWIFT codes you may ask and why would you need one? It was created in 1973 supported by 239 banks in 15 countries.

Country	City	Bank Name	Branch	SWIFT
Switzerland	Zurich	Atlantic Forfaitierungs AG	Atlantic Forfaitierungs AG	AFCLCHZZXXX