 Option A |
[/1!a][/34x]4!a2!a2!c[3!c] |
(Party Identifier)(Identifier Code) |
| Option B |
[/1!a][/34x][35x] |
(Party Identifier)(Location) |
| Option D |
[/1!a][/34x]4*35x |
(Party Identifier)(Name and Address) |
Optional
This field specifies the branch of the Receiver or another bank at which the funds will be made available to the Receiver.
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
Identifier Code must be a financial institution BIC. 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).
The absence of fields 53a and 54a implies that the single direct account relationship between the Sender and the Receiver, in the currency of the cheques, will be used.
In those cases where field 54a contains a branch of the Receiver, and is not preceded by field 53a, or field 53a contains an account of the Sender serviced by the Receiver's branch, the Receiver will claim reimbursement from its branch.
If field 54a contains a branch of the Receiver and field 53a contains a branch of the Sender, the Receiver will claim reimbursement from its branch or will be paid by its branch, depending on the currency of the transfer and the relationship between the Sender and the Receiver.
In all other cases where field 54a contains a branch of the Receiver, the Receiver will be paid by its branch in field 54a.
A branch of the Sender must not appear in field 54a.
If the branch of the Sender or other financial institution specified in field 53a is also the account servicer for the Receiver, field 54a must not be present.
Field 54a containing the name of a financial institution other than the Receiver's branch must be preceded by field 53a; the Receiver will be paid by the financial institution in field 54a.
The use and interpretation of fields 53a and 54a is in all cases dictated by the currency of the transaction and the correspondent relationship between the Sender and Receiver relative to that currency.
