Bank Investment Contract

(redirected from BICS)
Also found in: Acronyms, Wikipedia.

Bank Investment Contract (BIC)

Interest guaranteed by the bank in a portfolio over a specific time frame with a specific yield.

Bank Investment Contract

A bank-issued contract guaranteeing a specific portfolio a specific yield for a certain period of time. This contract usually has a maturity ranging from one to ten years. It is a low-risk, low-yield investment made mostly by corporations carrying 401(k) or profit-sharing plans. See also: Guaranteed Investment Contract.
Mentioned in ?
References in periodicals archive ?
TeleSign will operate independently as a wholly-owned subsidiary of BICS under the brand name TeleSign.
BICS SVP Capacity Business Management, Johan Wouters, said: "Africa is a key market for BICS and this agreement further emphasises our commitment to the region by offering market-leading connectivity services to communication providers across the continent.
Lex van Wyk, CEO of Teraco said: "We are delighted to partner with BICS to host its POP in South Africa and help meet its expansion goals in Africa.
With the migration to BFX, Infradata has equipped BICS with a state-of-the-art Diameter Signaling Solution to cost-effectively enable innovative IPX services, as well as the ability to faster onboard new customers, generate detailed traffic insight and seamless interworking between Diameter, SS7 and RADIUS networks along with integration with IT systems.
BICS delivers best-in-class international wholesale solutions to any communication service provider worldwide.
BICS selected the Infinera DTN-X for the scalability, efficiency and simplicity the solution delivers.
The Infinera DTN-X allows BICS to provide flexible solutions and ensures a faster service implementation, translating into a shorter time to market for our customers, said Johan Wouters, SVP Capacity Business Management at BICS.
BICS deployed the Acme Packet Net-Net Diameter director to scale its global LTE roaming service, providing a single connection to mobile service providers for global connectivity.
Acme Packet's Diameter signaling controller solution provides comprehensive Diameter mediation and interworking functions that allow BICS to accelerate service deployment.
The new BICS IP network is made up of the GSX9000 Open Services Switch, PSX Call Routing Server, SGX Signaling Gateway, the Sonus Insight Management System, as well as the NBS9000 Network Border Switch for enhanced border security and advanced IP peering capabilities, the company said.