This is with a view to ensuring entity data is consistent across the MiFID compliant landscape and the regulator is able to identify each firm correctly. It was created in 1973 supported by 239 banks in 15 countries. In this review, the BISAC scheme was checked and considered for every section, and, where suitable for BID users' needs, any changes that brought the schemes closer together were adopted. €œWe had planned to launch the enhanced system at the end of February, however further work is required to ensure the system will deliver the surveillance tool we need. For example, DEUTDEFF500 would direct the payment to an office of Deutsche Bank in Bad Homburg. 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).

Country	City	Bank Name	Branch	SWIFT
Indonesia	Jakarta	Ramayana Artha Perkasa PT	Ramayana Artha Perkasa PT	RAASIDJ1XXX