Although BIC is often referred to by bankers as a SWIFT code or SWIFT address, do note that BIC is slightly different from SWIFT§. 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. Deutsche Bank is an international bank, with its head office in Frankfurt, Germany. What are SWIFT codes you may ask and why would you need one? However, the FSA and approved reporting mechanisms (ARMs) have found the practical reality of implementation is much harder than first thought. BIC Subject Codes A key part of the ONIX project is to ensure that BIC, the international subject classification standard, meets the requirements of the Australian industry.

Country	City	Bank Name	Branch	SWIFT
Romania	Bucharest	Ministry of Public Finance	Ministry of Public Finance	TREZROBUXXX