Structure of the Creditor Identifier

  • Part a: Positions 1 and 2: The ISO national code for Switzerland (CH), Liechtenstein (LI). 
  • Part b: Positions 3 and 4: Two-digit check digits (modulo 97-10) pertaining to parts a and d (part c is not considered). 
  • Part c: Positions 5 to 7: Three-digit Creditor Business Code that can be freely determined by the creditor for the identification of a business field within the same company. If no Creditor Business Code is used, then “ZZZ” is used as a placeholder. 
  • Part d: Positions 8 to 18: Eleven-digit numerical national Creditor Identifier, which unambiguously identifies the creditor within Switzerland and Liechtenstein. It is numbered progressively beginning with 1 and filled in with leading zeroes.

Application & issuing

Applications for the issuing of a Creditor Identifier can be made exclusively online through financial institutions. Creditors must therefore apply for their Creditor Identifier through a financial institution. The creditor's primary domicile and business headquarters must be in Switzerland or Liechtenstein.

Basically, the same Creditor Identifier may be used at the same time for both the SEPA Core Direct Debit Scheme and the SEPA B2B Direct Debit Scheme. Only one Creditor Identifier will be issued per creditor (company name and address), which will ordinarily contain the “ZZZ” Creditor Business Code (part c). The Creditor Business Code gives the creditor the option of indicating different business fields within their company.

No authorization to collect direct debits in the SEPA Direct Debit Scheme is granted through the issuing of a Creditor Identifier. Such authorization can only be granted by the financial institution that holds the applicant's account.

Should changes arise regarding information pertaining to the creditor (e.g. change of name, change of legal form, etc.), no new Creditor Identifier is to be applied for. The same also goes for address changes (e.g. street) and for bank account switching. The creditor must demonstrate, however, at the request of its financial institution that his identity remains the same notwithstanding any such changes.

If a company in entirety is transferred to a new legal entity, the Creditor Identifier of the company being taken over is to be used. The Creditor’s former Creditor Identifier is to be returned to its financial institution for deletion.