BC-Nummer, Bankenclearing-Nummer, BC Number, or Bank Clearing Number is a numerical code used to identify an individual branch of a financial institution in Switzerland. The number consists of 3 to 5 digits, and it is used for domestic bank transfers. This number is also integrated into IBAN account numbers.
The format of the BC Number is as follows;
- the first digit (A) represents the banking groups.
- the last two or up to four digits (BBBB) is the branch code identifier.
SIC Numbers is a six digits numerical code for use in the SIC and euroSIC systems. These numbers are used to process international payments. SIC is used for settlement in Swiss Francs while euroSIC is used for settlement in Euro. The codes enable banks worldwide to utilize efficient and inexpensive access to the euro finance marketplace and to the Swiss financial center.
The system manages and maintained by SIX Interbank Clearing on behalf of Schweizerische Nationalbank (SNB) or Swiss National Bank since 1987.