Institute identification
The institute identification (IID), formerly BC number ( bank clearing number ), is used in Switzerland and Liechtenstein to identify the financial institutions that are connected to the SIC ( Swiss Interbank Clearing ) or the euroSIC system. The SIC is a joint venture between the Swiss banks that processes payments in Swiss francs . EuroSIC processes payments in euros . The IID consists of 5 digits and is part of the International Bank Account Number (IBAN). In Germany and Austria , a Business Identifier Code (BIC; also known as SWIFT code) is used to identify financial institutions .
Structure of the IID
The first position of the IID represents the institute:
| Digit | Institute |
|---|---|
| 1 | Swiss National Bank |
| 2 | UBS AG |
| 3 | reserve |
| 4th | Credit Suisse Group AG |
| 5 | New Aargauer Bank |
| 6th | Regional banks of RBA-Holding AG |
| 7th | Cantonal banks |
| 8th | Raiffeisen banks , individual institutes |
| 9 | PostFinance AG |