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. The Swift organization issues the Bank Identifier Numbers or BIC. JOHN CHARLES SMITH or ABC COMPANY LTD. You can check on that later on your on free time. The SWIFT Bank Identification Code is an internationally-recognized system of codes for identifying banks (see ISO 9362). SWIFT is the abbreviation of the Society for Worldwide Interbank Financial Telecommunication. The FSA has therefore issued a reminder of the guidelines for this data I its recent newsletter.

CountryCityBank NameBranchSWIFT
United Kingdom London Liberty International Asset Management LTD Liberty International Asset Management LTD LIAAGB21XXX