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Mandatory in conditional (see rule C4) subsequence C3
(Error code(s): T89)
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This qualified generic field specifies:
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In option P, Identifier Code specifies a BIC. For more details, see the Standards MT General Information.
In option R, Proprietary Code specifies a local national code or market segment code identifying the party.
Identifier Code must be a registered BIC (Error code(s): T27,T28,T29,T45).
Proprietary code (Format Option R) and Name and Address (Format Option Q) must not start or end with a slash '/' and must not contain two consecutive slashes '//'. For field formats with more than 1 line, the rule applies for each line (Error code(s): T26).