-

M

9999

-

A group of segments containing information regarding the credit side of the transaction and details which are pertinent to all direct debits specified within the group. Certain payment details may be provided either in segment group 4 or in segment group 11, but not in both.

-

M

99999

-

This Segment Group contains information regarding the debtor(s) of the direct debit. Certain payment details may be provided either in Segment Group 11 or in Segment Group 4, but not in both.

-

C

3

-

A group of segments containing the debtor's bank and the account and if necessary up to two intermediary banks.

-

M

1

-

 

Function:

 

To identify an account and a related financial institution.

EDIFACT

Description

Party function code qualifier

M

an..3

=

Debtor's bank (SWIFT Code)

C078

ACCOUNT HOLDER IDENTIFICATION

C

3194

Account holder identifier

C

an..35

Beneficiary account number.

3192

Account holder name

C

an..35

3192

Account holder name

C

an..35

Currency identification code

C

an..3

ISO 4217 three alpha

C088

INSTITUTION IDENTIFICATION

C

In some countries it is possible to identify within the account number the institution name and branch.  Where this is possible the composite C088 will not be required.  For international transactions it is recommended that the need for composite C088 should be checked before sending the message.

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

=

ISO (International Organization for Standardization)

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 identify the financial institution and account number of the debtor.
The preferred way to identify a bank and its branch is in machine readable format using data elements 3433 and 3434.  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.

Example:
FII+DBB+994-3277711:N GEISS'
The debtor's bank account details is identified as being N Geiss with a bank account number of 994-3277711.   In this example the identity of the bank is contained in the account number.