 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 A
This field identifies the financial institution and account where the payee will receive the premium.
In option D, one of the following codes may be used in Name and Address:
| 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 |
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 connected BICs, non-connected BICs, Masters, Synonyms, Live destinations and Test & Training destinations (Error code(s): C05).
For matching purposes, option A must be used when available.
Party Identifier in options A and D may be used to indicate a CHIPS Universal Identifier. When used, it must be preceded by a double slash '//', followed by the code CH and 6 digits.
See the chapter Guidelines for this MT.
