All paper instruments presented to the clearinghouse must be MICR-encoded. Although there is a strong correlation between BIC Codes and sort codes, sort codes are not explicitly encoded into BIC codes (although they are encoded into IBANs).
BICS are allocated for international payment services over the SWIFT network. In particular, the computer program that accepts an IBAN will be able to validate:
Is the country code valid?
CHAPS Euro - Details of the branch's participation in CHAPS Euro clearing service
C&CCC - Details of the branch's participation in C&CCC clearing service
Printed information - Details of the branch's requirements for the UK Clearings Directory.
Weekly updates ensure you have the most up-to-date UK payments information on the market.
| Bank Name | Sort Code | City | Address & Info |
|---|---|---|---|
| Banco Comercial Portugues SA | 405308 Equivalent Codes: 40-53-08 40 53 08 | London | 77 GRACECHURCH ST EC3 107 Cheapside, EC2V 6DT, Phone: (20) 76261711, London England |