| | The Bank of Latvia > News and Press Releases > IBAN |
 | | The Latvian IBAN corresponds to the international IBAN standard, and its structure is similar to that of customer account identifiers used in cross-border payments in other countries. |
 | | Upon receiving a payment with the Latvian IBAN, the beneficiary's bank will be entitled to credit funds to the beneficiary's account on the basis of the specified IBAN only, without checking other banking details of the beneficiary, indicated in the payment document. |
 | | Minimum requirements with respect to the procedure of issue, validation and use of the Latvian IBAN are stipulated by the Bank of Latvia's "Regulation for the Use of the IBAN", taking effect on January 1, 2004. |
| www.bank.lv /eng/main/sapinfo/iban (776 words) |