UK clearings systems:
UK Clearing systems
BACS: Bulk electronic clearing
CHAPS Sterling: High value, same day sterling payment clearing
CHAPS Euro: High value, same day euro payment clearing
Cheque and Credit Clearing: Cheque clearing for Great Britain & Northern Ireland.
It consists of a four character header comprising an ISO 3166-1 alpha-2 country code, followed by two check digits that are calculated using a mod-97 technique and a country-specific Basic Bank Account Number (BBAN) of up to thirty alphanumeric characters.
Many European countries use the IBAN as a means of identifying bank account numbers, but transfers to, amongst others, the United States and Australia make use of the BIC Codes. The suffix is automatically allocated by Voca, and are numbered in sequence starting with 01 for the first subbranch. It was originally adopted by the European Committee for Banking Standards (ECBS), and later adopted as an international standard under ISO 13616:1997.