Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Credit ratings assigned to Kreissparkasse Ludwigsburg as of July 2014 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution’s relative vulnerability to default on its financial obligations, for Kreissparkasse Ludwigsburg it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Kreissparkasse Ludwigsburg is set to F1+ (highest short-term credit quality).
Viability rating for Kreissparkasse Ludwigsburg is not set; support rating is not assigned; support rating floor is not set.
ECB Minimum Reserves Requirements (MRR)
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
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