The overlapping issue between ISO 9362 and ISO 13616 is discussed in the article International Bank Account Number (also called IBAN).
The SWIFT network does not require a specific format for the transaction so the identification of accounts and transaction types is left to agreements of the transaction partners.
Swift Code also known as BIC Code is a unique bank identifier used to verify financial transactions such as a Bank Wire Transfer.
The Bank Swift Code provides information about the bank and branch where the money should be transferred.
Being able to check information about the Swift Code will provide you with the proper information necessary to make or receive payments.
A Swift Code is the standard format for Business Identifier Codes (BIC) and it's a unique identification code for banks and financial institutions globally.
These codes are used when transferring money between banks, in particular for international wire transfers or SEPA payments.