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The format of BC Number is as follows;
- the first digit (A) represents the banking groups.
- the last two or up to four digit (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 used for settlement in Swiss Francs while euroSIC used for settlemet in Euro. The codes enable banks worldwide to utilize an efficient and inexpensive access to the euro finance marketplace and to the Swiss financial center.
The system manages and maintains by SIX Interbank Clearing on behalf of Schweizerische Nationalbank (SNB) or Swiss National Bank since 1987.