[PDF] Frequently Asked Questions - Swift

What is the Iban structure?

• The IBAN structure is defined in ISO 13616-1 and consists of a two-letter ISO 3166-1 country code, followed by two check digits and up to thirty alphanumeric characters for a BBAN (Basic Bank Account Number) which has a fixed length per country and, included within it, a bank identifier with a fixed position and a fixed length per country.

What is the difference between BBAN and Iban?

• The BBAN includes a bank identifier of the financial institution servicing that account. IBAN: international bank account number: The expanded version of the basic bank account number (BBAN), intended for use internationally.

How to make remittance using ibanstructure_full and ibanplus?

• The application must refer to the IBANSTRUCTURE_FULL table and IBANPLUS table to derive the BIC of the beneficiary bank. The remittance is to be made using MT 103+ to derive Straight Through Processing. Test Scenario: Remitting customer gives instruction to the payer bank to initiate a customer payment for EUR

What is the purpose of Iban plus Directory?

• purpose, the payer bank refers to the IBAN Plus directory as below: - IBANSTRUCTURE_FULL table to retrieve the IBAN ISO COUNTRY CODE and IBAN NATIONAL ID from the IBAN of the beneficiary customer. - Look for Field IBAN BICof the beneficiary bank as GENODEFFXXX