The Committee of European Securities Regulators (CESR) had originally wanted each competent authority (CA) to collect this information and share relevant reports with other CAs by November 2008, one year after MiFID went live. 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.
Main Aims of BIC2
The stated aims behind BIC2 can be summarised as follows:
Removal of UK bias
The BIC scheme was originally conceived as a subject classification system for the UK book trade, which led to certain subjects being given an inflated degree of detail or prominence (eg English Law) or being taken out of objectively correct hierarchical sequence (eg British history).
The FSA has therefore issued a reminder of the guidelines for this data I its recent newsletter.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Saudi Arabia | Riyadh | National Commercial Bank The | National Commercial Bank The | NCBKSAJE614 |
| Saudi Arabia | Jeddah | National Commercial Bank The | National Commercial Bank The | NCBKSAJE101 |
| Saudi Arabia | Jeddah | National Commercial Bank The | National Commercial Bank The | NCBKSAJEXXX |
| Saudi Arabia | Dammam | National Commercial Bank The | National Commercial Bank The | NCBKSAJE615 |
| Saudi Arabia | Jeddah | National Commercial Bank The | National Commercial Bank The | NCBKSAJE613 |
| Saudi Arabia | Jeddah | National Commercial Bank The | National Commercial Bank The | NCBKSAJE555 |