Why has a BIC Code sometimes 8-digits and sometimes 11-digits ? 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. I want to do a foreign bank transfer, but does not know which bank information is necessary for this? In that case, let me just show you how and give a shortcut to you instead.
Swift issues the Business Entity Identifier or BEI for non financial corporations on the network.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Bosnia and Herzegovina | Sarajevo | Volksbank BH D D | Volksbank BH D D | VBSABA22XXX |