This segment is used to identify the financial institution and account information related to the ordering customer (payor) for the debit instruction.

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+OR+994-3277711:N GEISS'

The ordering customer is identified as being N Geiss with a bank account number of 994-3277711.

Dependency Notes :

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.

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