The mission is to have a shared worldwide data processing and common protocol for international financial transactions. For example, ABA numbers (or routing codes) identify banks in the US and Canada, Sort Codes identify banks in the UK. TitlePage currently uses the BIC (Book Industry Communication) system to classify titles on TitlePage. 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. 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. When you send an international SMS.

Country	City	Bank Name	Branch	SWIFT
Japan	Tokyo	Nissay Asset Management Corporation	Nissay Asset Management Corporation	NAMJJPJTXXX