Although BIC is often referred to by bankers as a SWIFT code or SWIFT address, do note that BIC is slightly different from SWIFT§. 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. BIC2 constitutes the result of a full and thorough review of the BIC scheme, carried out in accordance with clearly defined aims and principles, which has produced some significant changes and advances. EEA country has an associated BIC + IBAN, which is clearly identified and printed on all bank account statements issued after July 2003. SWIFT is the process the Commonwealth Bank uses to send money overseas (similar to BPay used for domestic payments) and a BIC is the code that the SWIFT system uses to identify banks worldwide.

Country	City	Bank Name	Branch	SWIFT
Mauritius	Port Louis	DBM LTD Mauritius	DBM LTD Mauritius	DBMAMUM1XXX