diff --git a/app/models/registrar.rb b/app/models/registrar.rb
index 6243bf2d9..5c3365f85 100644
--- a/app/models/registrar.rb
+++ b/app/models/registrar.rb
@@ -11,6 +11,29 @@ class Registrar < ActiveRecord::Base
   validates :name, :reg_no, :country_code, :email, presence: true
   validates :name, :reg_no, uniqueness: true
   validate :set_code, if: :new_record?
+
+  before_create :generate_iso_11649_reference_no
+  def generate_iso_11649_reference_no
+    return if reference_no.present?
+
+    loop do
+      base = nil
+      loop do
+        base = SecureRandom.random_number.to_s.last(8)
+        break if base.length == 8
+      end
+
+      control_base = (base + '2715' + '00').to_i
+      reminder = control_base % 97
+      check_digits = 98 - reminder
+
+      check_digits = check_digits < 10 ? "0#{check_digits}" : check_digits.to_s
+
+      self.reference_no = "RF#{check_digits}#{base}"
+      break unless self.class.exists?(reference_no: reference_no)
+    end
+  end
+
   after_save :touch_domains_version
 
   validates :email, :billing_email, format: /@/, allow_blank: true
diff --git a/app/views/admin/registrars/show.haml b/app/views/admin/registrars/show.haml
index 79d0de582..32039fbd4 100644
--- a/app/views/admin/registrars/show.haml
+++ b/app/views/admin/registrars/show.haml
@@ -30,6 +30,9 @@
           %dt= t('vat_no')
           %dd= @registrar.vat_no
 
+          %dt= t('reference_no')
+          %dd= @registrar.reference_no
+
   .col-md-6
     .panel.panel-default
       .panel-heading
diff --git a/config/locales/en.yml b/config/locales/en.yml
index 826584d0b..3397ea3cf 100644
--- a/config/locales/en.yml
+++ b/config/locales/en.yml
@@ -369,7 +369,7 @@ en:
   registrar_added: 'Registrar added!'
   failed_to_add_registrar: 'Failed to add registrar'
   registrar_details: 'Registrar details'
-  vat_no: 'Vat no'
+  vat_no: 'VAT no'
   edit_registrar: 'Edit registrar'
   back_to_registrar: 'Back to registrar'
   registrar_updated: 'Registrar updated'
@@ -684,11 +684,11 @@ en:
   queried_at: 'Queried at'
   import_file_path: 'Import file path'
   bank_code: 'Bank code'
-  reference_no: 'Reference number'
+  reference_no: 'Reference no'
   currency: 'Currency'
   buyer_name: 'Buyer name'
   buyer_iban: 'Buyer IBAN'
   buyer_bank_code: 'Buyer bank code'
   bank_reference: 'Bank reference'
-  document_no: 'Document number'
+  document_no: 'Document no'
   import_file: 'Import file'
diff --git a/db/migrate/20150414092249_add_reference_no_to_registrar.rb b/db/migrate/20150414092249_add_reference_no_to_registrar.rb
new file mode 100644
index 000000000..d49720d0a
--- /dev/null
+++ b/db/migrate/20150414092249_add_reference_no_to_registrar.rb
@@ -0,0 +1,10 @@
+class AddReferenceNoToRegistrar < ActiveRecord::Migration
+  def change
+    add_column :registrars, :reference_no, :string
+
+    Registrar.all.each do |x|
+      x.generate_iso_11649_reference_no
+      x.save
+    end
+  end
+end
diff --git a/db/migrate/bank_statements.rb b/db/migrate/bank_statements.rb
deleted file mode 100644
index e69de29bb..000000000
diff --git a/db/schema.rb b/db/schema.rb
index 50aaa5641..eb4e3b731 100644
--- a/db/schema.rb
+++ b/db/schema.rb
@@ -11,7 +11,7 @@
 #
 # It's strongly recommended that you check this file into your version control system.
 
-ActiveRecord::Schema.define(version: 20150413115829) do
+ActiveRecord::Schema.define(version: 20150414092249) do
 
   # These are extensions that must be enabled in order to support this database
   enable_extension "plpgsql"
@@ -699,6 +699,7 @@ ActiveRecord::Schema.define(version: 20150413115829) do
     t.string   "directo_handle"
     t.boolean  "vat"
     t.integer  "legacy_id"
+    t.string   "reference_no"
   end
 
   add_index "registrars", ["code"], name: "index_registrars_on_code", using: :btree
diff --git a/lib/tasks/import.rake b/lib/tasks/import.rake
index 88ac65e0f..cb3270444 100644
--- a/lib/tasks/import.rake
+++ b/lib/tasks/import.rake
@@ -92,6 +92,13 @@ namespace :import do
 
     Registrar.import registrars, validate: false
 
+    puts "-----> Generating reference numbers"
+
+    Registrar.all.each do |x|
+      x.generate_iso_11649_reference_no
+      x.save(validate: false)
+    end
+
     puts "-----> Imported #{count} new registrars in #{(Time.zone.now.to_f - start).round(2)} seconds"
   end