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General Information About Switzerland BC Nummer (Bank Clearing Number)
What is BC Number (BC-Nummer) or Bank Clearing Number?
A BC Number (BC-Nummer) also known as Bank Clearing Number (Bankenclearing-Nummer) is a number used for the identification of financial institutions in Switzerland. It's a unique five digit numarical code assigned to every bank branches in Switzerland to route payment in correct bank account.
Structure of the BC Nummer or Bank Clearing Number
The first digit of the BC Nummer or Bank Clearing Number is banking group & last four digits is an unique identifier no for the particular Financial institution or bank branch.
Example : Breakdown of BC Nummer/Bank Clearing Number Code
A | B | B | B | B |
Banking Group | Branch Code | |||
What is SIC Number?
SIC Numbers is a six digits numerical code for use in the SIC and euroSIC systems. SIC Numbers are used to process international payments. SIC used for settlement in Swiss Francs while euroSIC used for settlemet in Euro. The codes enable banks worldwide to utilize an efficient and inexpensive access to the euro finance marketplace and to the Swiss financial center.
The system manages and maintains by SIX Interbank Clearing on behalf of Schweizerische Nationalbank (SNB) or Swiss National Bank since 1987.
BANKING GROUP
The banks are divided into banking groups. The group are listed below :
| Banking Group | Bank Name |
|---|---|
| 1 | Swiss National Bank |
| 2 | UBS AG |
| 3 | Reserved |
| 4 | Credit Suisse Group |
| 5 | Credit Suisse Group |
| 6 | Regional Banks, RBA-Holding |
| 7 | Cantonal Banks |
| 8 | Raiffeisen Banks, Retail Banks |
| 9 | Post Finance |