-

C

9

-

A group of segments specifying the payment and penalty terms for the commercial account summary message.

-

C

1

-

 

Function:

 

To identify an account and a related financial institution.

EDIFACT

Description

Party function code qualifier

M

an..3

=

Ordered bank

C078

ACCOUNT HOLDER IDENTIFICATION

C

3194

Account holder identifier

C

an..35

3192

Account holder name

C

an..35

3192

Account holder name

C

an..35

Currency identification code

C

an..3

ISO 4217 three alpha code

C088

INSTITUTION IDENTIFICATION

C

When using C088 it is recommended that if data element 3433 is not used that 3432  be used,  and that when data element 3434 is not used that data element 3436 be used.

Institution name code

C

an..11

Code list identification code

C

an..17

=

Bank identification

Code list responsible agency code

C

an..3

=

ISO (International Organization for Standardization)

3434

Institution branch identifier

C

an..17

Code list identification code

C

an..17

Code list responsible agency code

C

an..3

3432

Institution name

C

an..70

3436

Institution branch location name

C

an..70

Country name code

C

an..3

ISO 3166 two alpha code

Segment Notes:

This segment is used to specify any financial institution information which is specific to the payment terms previously detailed.

Example:
FII+MR++KREDBEBB:25:5'
The bank receiving the commercial account summary message is identified using the bank identification code KREDBEBB (which is maintained by ISO).