These codes are commonly used to identify the banks involved in an international wire transfer. The FSA has therefore issued a reminder of the guidelines for this data I its recent newsletter. EEA country has an associated BIC + IBAN, which is clearly identified and printed on all bank account statements issued after July 2003. This allows the payment to be directed to a specific office. The codes can sometimes be found on account statements. This allows the payment to be directed to a specific office. ISO 9362 (also known as SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Bank Identifier Codes approved by the International Organization for Standardization (ISO). Main Aims of BIC2 The stated aims behind BIC2 can be summarised as follows: Removal of UK bias The BIC scheme was originally conceived as a subject classification system for the UK book trade, which led to certain subjects being given an inflated degree of detail or prominence (eg English Law) or being taken out of objectively correct hierarchical sequence (eg British history).

Country	City	Bank Name	Branch	SWIFT
Latvia	Riga	Danske Bank A S Latvija Branch	Danske Bank A S Latvija Branch	MARALV22XXX