GB/T 16711-2022

Active

Banking—Banking telecommunication messages—Business identifier code(BIC)

银行业 银行电信报文 商业标识代码

Standard Type
GBT
ICS
03.060
CCS
A11
Status
Active
Issue Date
2022-12-30
Implementation
2022-12-30
Centralized Committee
中国人民银行
Issuing Authority
国家市场监督管理总局、国家标准化管理委员会

Application Summary AI generated

This standard specifies the structure and format of the Business Identifier Code (BIC) used in banking telecommunications messages. It is applied by financial institutions globally to uniquely identify parties involved in financial transactions, such as in SWIFT messaging for wire transfers, securities settlement, and interbank communications. The standard ensures consistent and unambiguous routing of electronic financial messages across international banking networks.

Related Standards

Transparency note: The application summary and key sentences on this page were automatically generated by AI from the standard's original text. This content has not been human-verified and should not be used for compliance or regulatory purposes. Always refer to the official standard document from the issuing authority.