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Optional in mandatory sequence A
This field identifies the institution which is authorised by the ordering institution/account servicing institution to order all the transactions in the message.
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).
This field must only be used when the initiating institution is not also the ordering institution.
Optional Party Identifier must not be used.