Furthermore routing information as specified by ISO 9362 does not contain check digits, so simple errors of transcription were not detectable and it was not possible for a sending bank to validate the routing information prior to submitting the payment. All bank offices participating in the CHAPS Euro service must have a BIC , however not every bank office with a BIC necessarily participates in CHAPS Euro.
Sortcode Introduction
This guide provides details of the format of the Industry Sortcode Directory(ISCD) data that is publically known as a bank sortcode. Every company that does financial transactions can benefit from having a SORT Codes database to verify it's payments, minimizing the risk of mistyped or incorrect data.
Although there is a strong correlation between BIC Codes and sort codes, sort codes are not explicitly encoded into BIC codes.
| Bank Name | Sort Code | City | Address & Info |
|---|---|---|---|
| MONTAGU PRECIOUS METALS | 405225 Equivalent Codes: 40-52-25 40 52 25 | London | RE MONTAGU PRECIOUS METALS 2nd Floor, Thames Exchange, 10 Queen Street Place, EC4R 1BQ, London England |