BIC

The BIC (Bank Identifier Code) is used to identify a financial institution in any international financial transaction. Each financial institution has its own BIC.

Related definitions

ECB

The European Central Bank (ECB) is the European Union’s main monetary institution.

SCI

SCI stands for SEPA Creditor Identifier. All creditors wishing to issue SEPA direct debits must have an SCI enabling them

Value date

The value date corresponds to the date on which a given bank transaction, whether debit or credit, is booked…

SEPA zone

The SEPA comprises 36 member countries: the 28 countries of the European Union, the 5 European micro-states, …

Transaction date

La date d’opération correspond à la date du jour d’enregistrement comptable de l’opération par la banque.

SaaS

SaaS stands for Software As A Service. SaaS is a cloud-based service. When a software is available in SaaS mode,

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BIC

BIC