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| Function: |
| To identify an account and a related financial institution. |
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| INSTITUTION IDENTIFICATION |
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Institution name identification |
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Code list responsible agency, coded |
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Institution branch number |
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Code list responsible agency, coded |
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| Segment Notes: |
This segment is used to identify the receiving financial institution of the multiple payment order message.
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+MR++KREDBEBB:25:5'
The bank receiving the multiple payment order message is identified using the bank identification code KREDBEBB (which is maintained by ISO). |
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