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 stands for the International Bank Account Number and is used by banks in European countries for international funds transfers. The IBAN is a unique code that identifies a beneficiaryâs bank account. The German IBAN code consists a country code followed by twenty alphanumeric characters. In Germany, IBAN codes start with the letters DE, followed by 2 digit control number, an 8 digit bank code and a 10 digit account number. Here is an example: DE89 3704 0044 0532 0130 00.