?? which acts as a one-stop-shop for the payments industry.
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.
The ISCD is maintained and supplied by third parties, on behalf of the banking industry, and the copyright is owned by APACS Administration Limited.
Each record on the ISCD has 82 fields. 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.