The codes can sometimes be found on account statements. The community of financial sectors worldwide recognize the technological benefit of SWIFT system that it outperformed the TELEX system. The customer or client identification field, on the other hand, must be left blank. Although BIC is often referred to by bankers as a SWIFT code or SWIFT address, do note that BIC is slightly different from SWIFT§. A BIC can be combined with the details provided by the IBAN to provide automated international funds transfers. It was created in 1973 supported by 239 banks in 15 countries.

Country	City	Bank Name	Branch	SWIFT
Denmark	Knebel	Tved Sparekasse	Tved Sparekasse	TVEDDK21XXX