BIC codes and SWIFT codes or are used worldwide. These are some of the codes that are entered in transactions. SWIFT codes are a type of code often used in international banking transactions. The
SWIFT codes are used with the particular bank identifier code or BIC.Each bank has particular identifier or BIC code. It should be noted that their are over 100,000 live SWIFT codes. These are used by
those who are partnering within the SWIFT bank network. These codes consist of 8 to 11 digits that are used by banks.