BS ISO 9362:2014 pdf download.Banking一Banking telecommunication messages Business identifier code (BIC). BS ISO 9362 specifies the elements and structure of a universal identifier code, the business identifier code (BIC), for financial and non-financial institutions, for which such an international identifier is required to facilitate automated processing of information for financial services. The BIC is used for addressing messages, routing business transactions and identifying business parties. This International Standard applies to organizations and excludes individual persons. 2 Normative references The following documents, in whole or in part, are normatively referenced in this document and are indispensable for its application. For dated references, only the edition cited applies. For undated references, the latest edition of the referenced document (including any amendments) applies. ISO 3166-1, Codes for the representation of names of countries and their subdivisions — Part 1: Country codes 3 Terms and definitions For the purposes of this document, the following terms and definitions apply. 3.1 financial institution organization that is principally engaged in financial intermediation and/or in auxiliary financial activities Note Ito entry: Typically, the activity of a financial institution is the acquisition offinancial assets while incurring liabilities on its own account by engaging in financial transactions in a market;…