IBAN and other types of codes are sometimes requested in conjunction with SWIFT Codes International Bank Account Number (IBAN) European countries have adopted a standard known as an International Bank Account Number (IBAN). Electronic account-to-account transfers are often called wire or ACH transfers in the USA. August 2002, and which was limited to minor additions and relocations. BIC have released a new set of codes (BIC Version 2) for categorising titles. IBAN will be progressively introduced in most OECD countries to allow Straight Through Processing of cross border payments. The Committee of European Securities Regulators (CESR) had originally wanted each competent authority (CA) to collect this information and share relevant reports with other CAs by November 2008, one year after MiFID went live.
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