 Option A |
[/1!a][/34x]4!a2!a2!c[3!c] |
(Party Identifier)(Identifier Code) |
| Option D |
[/1!a][/34x]4*35x |
(Party Identifier)(Name and Address) |
Mandatory in mandatory sequence B
This field specifies the beneficiary financial institution of the subsequent operation from the particular occurrence of sequence B.
In option A, Party Identifier may be used to indicate a national clearing system code.
The following codes may be used, preceded by a double slash '//':
| 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 |
| CN
|
12..14n
|
China National Advanced Payment System (CNAPS) Code
|
| 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 |
| SC |
6!n |
UK Domestic Sort Code |
In option D, Party Identifier may be used to indicate a national clearing system code.
The following codes may be used, preceded by a double slash '//':
| 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 |
| CN
|
12..14n
|
China National Advanced Payment System (CNAPS) Code
|
| 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 |
| 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) |
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).
When one of the codes //FW (with or without the 9-digit number), //AU, //CP or //IN 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 of field 56a, 57a or 58a.
Party Identifier may contain the beneficiary financial institution's account number.
If the message is used to request the transfer of funds between the ordering financial institution's accounts, this field must contain the BIC of this institution.
Option A is the preferred option.
Option D must only be used in exceptional circumstances: when the party cannot be identified by a financial institution BIC, when there is a need to be able to specify a name and address, for example, due to regulatory considerations or when there is a bilateral agreement between the Sender and the Receiver permitting its use.
When qualified by a clearing system code or an account number, the use of option D will enable the automated processing of the instruction(s) by the Receiver.
