BIC Code

Swift or BICs are international codes for banks that need them when sending money across countries or for government purposes.

A BIC (SWIFT) code is an international bank identifier used to route cross-border payments and identify recipient banks accurately in international transfers.

- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.

- Example: Teams reference **BIC Code** when defining terms in manuals, policies, or training materials.

- Why it matters: Improves clarity and consistency across documentation and decision-making.