Through the use of SWIFT codes, money could be wire transferred internationally easilly. These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. It is not the only coding system for banks - individual countries also have their own sets of codes which are used to identify banks in national interbank business. The International Bank Account Number or IBAN is a bank account number designed to simplify and speed cross border transfers; it is structured according to ECBS format. SWIFT CODE is the banking route for money remittance. Why has a BIC Code sometimes 8-digits and sometimes 11-digits ?

Country	City	Bank Name	Branch	SWIFT
United Kingdom	London	ECI Ventures Managers LTD	ECI Ventures Managers LTD	ECVMGB21XXX