BIC
The BIC (Bank Identifier Code) is used to identify a financial institution in any international financial transaction. Each financial institution has its own BIC.
Related definitions
Value date
The value date corresponds to the date on which a given bank transaction, whether debit or credit, is booked…
Authentication
Authentication is a method enabling a computer system to verify the legitimacy of an access request before authorizing it…
API (Application Programming Interface)
An API is a programming interface that enables different applications to communicate with each other and exchange data.
Forecast statement
The forecast statement is a table listing the company’s forthcoming financial transactions each month.