- Common Core - Core Entities and Services User Guide
- Core Maintenance
- Capture the BIC Code Details
1.36 Capture the BIC Code Details
This topic explains systematic instructions to define the BIC code details.
As part of setting up some basic information for the functioning of Oracle FLEXCUBE Universal Banking, maintain Bank Identifier Codes (BIC).
Note:
The fields which are marked in asterisk are mandatory.- On Homescreen, type ISDBICDE in the text box, and click Next.The BIC Code Details screen displays.
- On the BIC Code Details screen, specify the fields.Customer BIC Codes can be maintained manually or uploaded from an external source onto Oracle FLEXCUBE Universal Banking.
For more information on fields, refer to the field description table.
Table 1-47 BIC Code Details - Field Description
Field Description BIC Code Specify the Bank Identifier Code. This field indicates the code by which the bank is identified by SWIFT. If the bank is not a customer of the bank, enter the name and address of the bank manually. Note:
The country information is captured to enable Mantas to analyze the transactions for possible money laundering activities.Bank Name On specifying the BIC Code, enter the name of the bank. Bank Address 1, Bank Address 2, and Bank Address 3 Specify the bank address. Sub Type Code Click Search and specify the appropriate sub-type code to be mapped to the BIC. The adjoining option list offers the following factory-shipped codes: - BANK - SWIFT Member/Sub member
- BEID - Business Entity Identifier
- BROK - Brokers-Dealers
- COOP - Co-operative Agreement with SWIFT
- CSDS - Clearing Houses, Central Depositories
- CUST - Subsidiary Providers of Custodian and Nominee Services
- ETCP - Electronic Trade Confirmation Providers
- EXCH - Recognized Exchanges
- FUAD - Fund Administrators
- IMIS - Investment Management Institutions
- MCFI - Financial Institution in a MA-CUG
- MCCO - Non-Financial Institution Participant in a MA-CUG
- MONE - Money Brokers
- NSFI - Non-Shareholding Financial Institutions
- NSWB - Non SWIFT BIC's
- PRXY - Securities Proxy Voting Agency
- PSPA - Payment System Participants
- REGI - Registrars and Transfer Agents
- SSPA - Securities System Participants
- TESP - Treasury ETC Service Provider
- TRAD - Trading Institutions
- TRAV - Travelers Cheques Issuers
- TRCO - Treasury Counter party
- TRUS - Trustees, Fiduciary Service Companies
- ZZZZ - Undefined Institutions
BEI Indicator The system identifies whether the BEI status for the chosen sub-type code is Yes or No from the back-end maintenance in the ISTM_SUBTYPE_CODE table. It checks this option whenever the status in the table for the sub-type code is Yes. this field can not be modified. ADB Member Select a value to indicate membership of the specified BIC code in Asian Development Bank (ADB), from the adjoining drop-down list: - Yes - Select this option if the BIC code holds membership in ADB.
- No - Select this option if the BIC code does not hold membership in ADB.
- Not Applicable - Select this option if the membership does not apply to this BIC code.
Note:
- The system maintains Not Applicable as the default value.
- If Not Applicable is maintained as the status, then the system will not consider the status for validation.
POB Number Specify the POB number of the branch. Street Name Specify the street name of the branch address. Street Number Specify the street number of the branch address. Building Name Specify the building name of the branch address. Area Specify the area where the branch is located. City Specify the city in which the branch is located. CPS Country Province State Specify the CPS country province state of the branch. Zip Code Specify the zip code of the area where the branch is located. ISO Country Code Specify the ISO country code of the branch. Branch Information Specify the branch information, if any. - Click Exit to end the transaction.
Parent topic: Core Maintenance