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From Wiki.zanox.com

IBAN (International Bank Account Number) is an international standard for bank account numbers for different banks that is used in cross-border transactions and has been developed by ECBS, European Committee for Banking Standards.When we make international payments it is an easier, more reliable and faster way of getting the payment for you as an affiliate partner. It is constructed as an addition to the normal bank account number and an example on how an IBAN number looks like in the U.K is as follows:

country code	   check number	     issuing bank code	     sort code & account nr

       GB	                  12	                    CPBK	                   08929912345678