In the process of the Single Euro Payments Area the European central banks have agreed on a common format based on IBAN and BIC including an XML-based transmission format for standardized transactions.
T2 (RTGS) is a joint gross clearing system in the European Union that does not require the SWIFT network for transmission (see EBICS).
The 2009 update of ISO 9362 broadened the scope to include non-financial institutions; before then BIC was commonly understood to be an acronym for Bank Identifier Code.
The SWIFT code for its primary office is UNCRITMM: Dah Sing Bank is a bank based in Hong Kong that has five branches in mainland China (primary mainland China branch in Shenzhen).
Bank of East Asia separates its representative branch in the US and its US-based operations for local customers into BEASUS33xxx (following the code used in its home country) and BEAKUS33xxx respectively.
This differs from its local mainland China operations which are also BEASCNxxxxx following Hong Kong rather than having a separate identifier code.
To identify endpoints on its network, SWIFT also uses twelve-character codes that are derived from the BIC of the institution.
According to SWIFT, Logical Terminals are the "entity through which users send and receive FIN messages.
Consider the message type for cash transfer MT103, here we can find BIC under different tags like 50a (ordering customer), 56a (intermediary), 57a (account with institution), etc.