Option A[/1!a][/34x]4!a2!a2!c[3!c](Party Identifier)(BIC)Option D[/1!a][/34x]4*35x(Party Identifier)(Name & Address)| Option A |
[/1!a][/34x]4!a2!a2!c[3!c] |
(Party Identifier)(BIC) |
| Option D |
[/1!a][/34x]4*35x |
(Party Identifier)(Name & Address) |
Mandatory
This field specifies the financial institution which has been designated by the ordering institution as the ultimate recipient of the funds being transferred.
Party Identifier may be used to indicate a national clearing system code.
The following codes may be used, preceded by a double slash '//':
with option A:
| AT |
5!n |
Austrian Bankleitzahl |
| AU |
6!n |
Australian Bank State Branch (BSB) Code |
| BL |
8!n |
German Bankleitzahl |
| CC |
9!n |
Canadian Payments Association Payment Routing Number |
| ES |
8..9n |
Spanish Domestic Interbanking Code |
| FW |
without 9 digit code |
Pay by Fedwire |
| GR |
7!n |
HEBIC (Hellenic Bank Identification Code) |
| HK |
3!n |
Bank Code of Hong Kong |
| IE |
6!n |
Irish National Clearing Code (NSC) |
| IN |
11!c |
Indian Financial System Code (IFSC) |
| IT |
10!n |
Italian Domestic Identification Code |
| PL
|
8!n
|
Polish National Clearing Code (KNR)
|
| PT |
8!n |
Portuguese National Clearing Code |
| RT |
|
Pay by Real Time Gross Settlement |
| SC |
6!n |
UK Domestic Sort Code |
| ZA |
6!n |
South African National Clearing Code |
with option D:
| AT |
5!n |
Austrian Bankleitzahl |
| AU |
6!n |
Australian Bank State Branch (BSB) Code |
| BL |
8!n |
German Bankleitzahl |
| CC |
9!n |
Canadian Payments Association Payment Routing Number |
| CH |
6!n |
CHIPS Universal Identifier |
| CP |
4!n |
CHIPS Participant Identifier |
| ES |
8..9n |
Spanish Domestic Interbanking Code |
| FW |
9!n |
Fedwire Routing Number |
| GR |
7!n |
HEBIC (Hellenic Bank Identification Code) |
| HK |
3!n |
Bank Code of Hong Kong |
| IE |
6!n |
Irish National Clearing Code (NSC) |
| IN |
11!c |
Indian Financial System Code (IFSC) |
| IT |
10!n |
Italian Domestic Identification Code |
| PL
|
8!n
|
Polish National Clearing Code (KNR)
|
| PT |
8!n |
Portuguese National Clearing Code |
| RT |
|
Pay by Real Time Gross Settlement |
| RU |
9!n |
Russian Central Bank Identification Code |
| SC |
6!n |
UK Domestic Sort Code |
| SW |
3..5n |
Swiss Clearing Code (BC code) |
| SW |
6!n |
Swiss Clearing Code (SIC code) |
| ZA |
6!n |
South African National Clearing Code |
The BIC must be a SWIFT registered address, either connected or non-connected (Error code(s): T27, T28, T29, T45).
The BIC must not be a BEI. Please refer to the latest version of the BIC Directory - Corporations for more information on BEIs. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs, non-SWIFT BICs, Masters, Synonyms, Live destinations and Test & Training destinations. (Error code(s): C05).
When the Sender instructs the Receiver to either credit one of several accounts owned by the Sender at an institution specified in field 57a, or transfer funds between two accounts owned by the Sender and serviced by the Receiver, option A must be used in the related sequence to specify the account to be credited and the name of the Sender.
It is strongly recommended that in those cases where clearing payments take precedence over book transfer and book transfer is requested, the Party Identifier be used to specify the account number of the beneficiary institution.
When one of the codes //FW (with or without the 9-digit number), //AU, //CP, //IN or //RT is used, it should appear only once and in the first of the fields 56a, 57a and 58a of the payment instruction.
When it is necessary that an incoming SWIFT payment be made to the party in this field via Fedwire, US banks require that the code //FW appears in the optional Party Identifier.
When it is necessary that an incoming SWIFT payment be made to the party in this field via real-time gross settlement (RTGS), the code //RT should appear in the optional Party Identifier.
The code //RT is binding for the Receiver. If it is used with option A, it must not be followed by any other information. If it is used with option D, it may be followed by another domestic clearing code.
Option A must be used whenever possible.
Option D must only be used in exceptional circumstances, ie, when the party cannot be identified by a BIC and when there is a bilateral agreement between the Sender and the Receiver permitting its use. Unless qualified by a clearing system code or an account number, the use of option D may prevent the automated processing of the instruction(s) by the Receiver.
