Archive | Credit Transfers

Schemes and standards for funds transfers in different countries of the world. SEPA Credit Transfer, Domestic Transfer, Interbank systems, Multilateral clearing, Real-Time Gross Settlement

Payment Market Infrastructures in the World – United Kingdom Part I

In our last videos, we spoke about the payment market infrastructures in Sweden. In today’s video, we will consider the payment market infrastructures of the United Kingdom. As before, we first look at the generic model that you can use to study the market infrastructures of your own country.Like Sweden, the UK has its own […]

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Secrets to understand Payments Market Infrastructures – Sweden Part 2

In the previous video, we explained how Payment Market Infrastructures are structured anywhere in the world while focusing on the example of Sweden. Swedish banks can join the Payment Market Infrastructures for the Swedish krona, but they can join European Market Infrastructures as well: Which impact does it have on banks and Sweden and how can […]

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Image of a Structure of the SWIFT BIC Code structure

SWIFT BIC Code

The SWIFT BIC code is a standardized international identifier (ISO 9362) used in financial messages exchanges. Understanding what the BIC code is fundamental because it is used to identify entities and to route payments messages over SWIFTNet, the SWIFT secure IP Network. What does BIC stand for? and what is the BIC? Does BIC stand for […]

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