LCR Measurement Primer. 2 of 85. Contents. Preface .......................................................................................................................
BIC + IBAN is not available in the United States of America, nor is it likely to be, with the decentralized structure of the US banking system and lack of nationwide banks. Electronic account-to-account transfers are often called wire or ACH transfers in the USA.
IBAN and BIC. An IBAN, or International Bank Account Number, is a standard, internationally recognised bank account format. used to process select cross border payments. Used with a Bank Identifier Code (BIC), international payments can. be processed automatically, making them faster and safer.