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See Bank Identifier Code Euroclear Clearing and Settlement glossary
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Bank Interchange Code (BIC)
A unique code identifying a market participant. Exchange Handbook Glossary
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Bank Interchange Code (BIC)
A unique code identifying a participant. London Stock Exchange Glossary
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BIC UK US /bɪk/ noun [C] BANKING
► ABBREVIATION for bank identifier code: a set of numbers, letters, or symbols that identifies a bank, and is used by financial organizations to do business between banks: »
If a person transferring money quotes both their IBAN and their BIC, they will incur reduced bank charges for the transaction.
► ABBREVIATION for Bank Investment Contract: a formal agreement between a bank and an investor which promises that the investment will pay a particular amount of money over a particular period of time: »
A company that benefits from the BIC fund gets more than a straight cash investment.
Financial and business terms. 2012.