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 Sparkasse Landshut as of December 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 Sparkasse Landshut 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 Sparkasse Landshut is set to F1+ (highest short-term credit quality).
Viability rating for Sparkasse Landshut is not set; support rating is not assigned; support rating floor is not set.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.
In the case of Sparkasse Landshut failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
Further Information: Deposit Guarantee Scheme in Germany
ECB Minimum Reserves Requirements (MRR)
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
Related Information on Germany