The Swift organization issues the Bank Identifier Numbers or BIC. However, the FSA and approved reporting mechanisms (ARMs) have found the practical reality of implementation is much harder than first thought. IBAN will be progressively introduced in most OECD countries to allow Straight Through Processing of cross border payments. SWIFT is the process the Commonwealth Bank uses to send money overseas (similar to BPay used for domestic payments) and a BIC is the code that the SWIFT system uses to identify banks worldwide. Swift is owned by the network's members.

Country	City	Bank Name	Branch	SWIFT
Australia	Sydney	E Trade Australia Securities LTD	E Trade Australia Securities LTD	TRUUAU21XXX