The mission is to have a shared worldwide data processing and common protocol for international financial transactions. In order to facilitate this, the regulator will continue to provide testing facilities for firms to test the records submission process with their ARM. EEA country has an associated BIC + IBAN, which is clearly identified and printed on all bank account statements issued after July 2003. Convergence with BISAC The equivalent scheme in the North American book trade is the BISAC Subject Headings. We understand this may cause issues for firms who need to implement the new code and we are working very hard to get the system ready.

CountryCityBank NameBranchSWIFT
United Kingdom London Beach Capital Management Limited Beach Capital Management Limited BECTGB21XXX
 
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