The Five Digits Bank Codes allotted to the Banks / Financial Institutions by the ABI ( Italian Banking Association ) for the identification of a payment service provider is called Codice ABI. ABI Code is also known as Bank Code / Clearing Codes used for identifying a Bank / Financial Institutions.
Each Bank / Financial Institution Branch of Italy is allotted five digits Codice CAB to uniquely identify a Bank Branch for financial transactions. Codice ABI & Codice CAB is unique for each Bank Branch. These codes are used for clearing payment through BI-COMP & Target2 clearing systems.
The CIN ( Control Internal Number ) code consists of a single letter and is used as a control character. CIN is calculated based on the ABI and CAB codes and account number. CIN is used to validate Bank account number, ABI Code, Cab Code & International Bank Account Number(IBAN).