The BICPlusIBAN directory

In January 2008, SWIFT enhanced the BIC Database Plus directory to include IBAN information and published a revised directory structure with additional fields. The BIC Database Plus directory is now called the BICPlusIBAN directory.

The BICPlusIBAN directory provides data for financial institutions in all SEPA countries. Through this directory, all BICs and IBANs are systematically checked against the latest versions of both the ISO BIC directory and the ISO IBAN registry, for which SWIFT is the registration authority. SWIFT validates the data with financial institutions, national banks and banking institutions. Additionally, cross checks against data from multiple sources improve the quality and consistency.

The BICPlusIBAN directory helps you to perform the following tasks:

• increase STP rates
• lower the cost associated with handling rejected messages
• comply with SEPA mandate requiring the use of IBAN and BIC
• provide better service to your clients by repairing incomplete messages