-

M

2

-

 

Function:

 

To identify an account and a related financial institution.

EDIFACT

Description

Party function code qualifier

M

an..3

=

Beneficiary's bank

=

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

C088

INSTITUTION IDENTIFICATION

C

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

=

Bank identification

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 receiving financial institution of the payroll deductions.
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+BF++KREDBEBB:25:5'
The bank receiving the payroll deduction is identified using the bank identification code KREDBEBB (which is maintained by ISO).