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. €™re stuck at the part where you needed to know and fill in your bank SWIFT or BIC codes (Wiki here).
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.
Sending money to a bank is no different. 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.
BIC2 constitutes the result of a full and thorough review of the BIC scheme, carried out in accordance with clearly defined aims and principles, which has produced some significant changes and advances.
The customer or client identification field, on the other hand, must be left blank.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Australia | Bendigo | Sandhurst Trustees Limited | Sandhurst Trustees Limited | SATRAU31XXX |