The SWIFT, "Society for Woldwide Interbank Financial", or also known under the name of BIC "Bank Identify Code" is a code normally used in those economic transactions of an international type. Thus, the SWIFT code indicates which is the code that identifies the receiving bank in said transaction.
The meaning of the SWIFT code includes all the information and confidential data of the transfer and allows this type of operation to be much more secure. The SWIFT code is an identity code that consists of up to a total of 11 digits, of which the first 4 provide the bank identity data, the next two country information and the next two the place of origin.
Generally, the BIC code will appear accompanied by the IBANand the usual characters will be ISO 9362.