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). The customer or client identification field, on the other hand, must be left blank. 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). There you need specific bank and its code, before you include the branch and beneficiary account information so the funds can be sent. Swift issues the Business Entity Identifier or BEI for non financial corporations on the network. You can check on that later on your on free time.

CountryCityBank NameBranchSWIFT
Philippines Manila Guoco Securities Phils INC Guoco Securities Phils INC GUSPPHM1XXX