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 J5*40x(Party Identification)| 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 J |
5*40x |
(Party Identification) |
Optional in a conditional sequence (C5)
This field identifies the financial institution and account where the payee will receive the net amount to be settled.
With option J, the following codes must be used (Error code(s): T78):
| /ABIC/ |
M |
followed by the BIC or UKWN if BIC not known |
4!a2!a2!c[3!c] or 4!a |
| /ACCT/ |
O |
followed by the account number |
34x |
| /NAME/ |
M |
followed by the name |
34x |
| /ADD1/ |
O |
followed by the first line of the address |
35x |
| /ADD2/ |
O |
followed by the second line of the address |
35x |
| /CITY/ |
O |
followed by the city (and state, country) |
35x |
| /USFW/ |
O |
followed by FedWire Routing Number |
9!n |
| /USCH/ |
O |
followed by CHIPS UID |
6!n |
| /GBSC/ |
O |
followed by UK domestic sort code |
6!n |
| /CLRC/or |
O |
followed by a clearing code |
35x |
| /NETS/or |
M |
|
|
| /SSIS/ |
M |
|
|
| M = Mandatory O = Optional |
|
||
With option D, one of the following codes may also be used:
| NET |
When net settlement takes place |
| NONE |
When no settlement is taking place |
| SSI |
When standing settlement instructions apply |
| UNKNOWN |
When the settlement instructions are not known |
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).
