Once a firm has submitted this data, the regulator will map the FRN to the BIC and the firm must ensure that the TMU is aware of the BIC on an ongoing basis. City name and PIN code (Postal Identification Number) Phone number if available. Although BIC is often referred to by bankers as a SWIFT code or SWIFT address, do note that BIC is slightly different from SWIFT§. These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. BIC + IBAN is not available in the United States of America, nor is it likely to be, with the decentralized structure of the US banking system and lack of nationwide banks.

Country	City	Bank Name	Branch	SWIFT
United Kingdom	London	Morgan Grenfell Trade Finance Limited	Morgan Grenfell Trade Finance Limited	MGTFGB21XXX