No

Seg

St

Max. Occ.

6

M

2

Business Term

EDIFACT

Format

*

Description

3035

Party function code qualifier

an..3

  

Beneficiary's bank

  

Ordered bank

C078

ACCOUNT HOLDER IDENTIFICATION

3194

Account holder identifier

an..35

3192

Account holder name

an..35

3192

Account holder name

an..35

6345

Currency identification code

an..3

C088

INSTITUTION IDENTIFICATION

3433

Institution name code

an..11

1131

Code list identification code

an..17

  

Bank identification

3055

Code list responsible agency code

an..3

  

ISO (International Organization for Standardization)

3434

Institution branch identifier

an..17

1131

Code list identification code

an..17

  

Bank identification

3055

Code list responsible agency code

an..3

  

ISO (International Organization for Standardization)

3432

Institution name

an..70

3436

Institution branch location name

an..70

3207

Country name code

an..3

ISO 3166 two alpha code

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:

The bank receiving the payroll deduction is identified using the bank identification code KREDBEBB (which is maintained by ISO).

           

Example:

FII+BF+X:X:X:EUR+BK:25:5:X:25:5:X:X+AD'

Example:

FII+BF++KREDBEBB:25:5'