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-> If BICFI is present, then (Name & Postal Address) is NOT allowed (ClearingSystemMemberIdentification and LEI may complement) – However, in case of conflicting information, the BICFI will always take precedence.
-> If BICFI is absent, (Name & Postal Address) OR [(Name & Postal Address) and ClearingSystemMemberIdentification] must be present.
Exception: If BICFI is absent, whenever Debtor Agent, Creditor Agent and all agents in between are located within the same country, the clearing code only may be used.
1B. PARTY IDENTIFICATION - Textual Rules
-> If AnyBIC is present, then (Name and Postal Address) is NOT allowed (other elements remain optional) - However, in case of conflicting information, AnyBIC will always take precedence.
-> If Name is present, it is recommended to use Postal Address.
2) Character Set:
All proprietary and Text fields EXCLUDING Name and Address for all actors and Related Remittance Information and Remittance are limited to the FIN-X-Character set.
All Name and Address for all actors, Related Remittance Information and Remittance Information (structured and unstructured), Email Address where included as part of a proxy element are extended to support the following additional characters:
!#$%&*=^_`{|}~";<>@[\]
< is replaced with <
> is replaced with >
Generated by the MyStandards web platform [https://www.swift.com/mystandards] on 2023-06-20T04:02:36+00:00