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. SWIFT and BIC codes, they have all the records on all international banks.
The FSA has therefore issued a reminder of the guidelines for this data I its recent newsletter. €™s AII project are to meet MiFID obligations for reporting all AII derivatives transactions in an efficient and secure manner. August 2002, and which was limited to minor additions and relocations.
The BIC is required to be included in all messages between the banks using the Swift network.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| United Kingdom | London | General RE Financial Securities Limited | General RE Financial Securities Limited | GEFEGB21XXX |