1.45 Process BIC and IBAN Summary

This topic explains systematic instructions to process the summary of BIC and IBAN.

Oracle FLEXCUBE Universal Banking supports the Upload of the BICPlusIBAN directory. BICPlusIBAN is a SWIFT directory that lists institution identifiers recognized by the financial industry. For example, Bank Identifier Codes, CHIPS UIDs, National Clearing Codes, and IBAN- related information. It also provides the name and addresses of the corresponding entities.

BICPlusIBAN is used to identify correspondents and counterparties accurately, and to allocate the correct code when sending messages, thus improving Straight Through Processing (STP). Initiators of cross-border payments within Europe are required to submit the BIC and IBAN codes to the receiver to benefit from reduced payment transaction charges.

Note:

The fields which are marked in asterisk are mandatory.
  1. On Homescreen, type ISSEBANP in the text box, and click Next.
    The BIC And IBAN Summary screen displays.

    Figure 1-44 BIC And IBAN Summary


    Description of Figure 1-44 follows
    Description of "Figure 1-44 BIC And IBAN Summary"

  2. On the BIC And IBAN Summary screen, specify the fields.

    For more information on fields, refer to the field description table.

    Table 1-55 BIC And IBAN Summary - Field Description

    Field Description
    Record Key Click Search and specify the Record Key from the list of values.
    BIC Code Click Search and specify the BIC Code from the list of values.
    Unique BIC Code Click Search and specify the Unique BIC Code from the list of values.
    Routing BIC Code Click Search and specify the Routing BIC Code from the list of values.
    Institution Name Click Search and specify the Institution Name from the list of values.
    Branch Code Click Search and specify the Branch Code from the list of values.
    IBAN Branch Code Click Search and specify the IBAN Branch Code from the list of values.
    Routing Branch Code Click Search and specify the Routing Branch Code from the list of values.
  3. Click Search after specifying the search parameters.
    The system identifies all records satisfying the specified criteria and displays the following details for each one of them:
    • Record Key
    • BIC Code
    • Unique BIC Code
    • Routing BIC Code
    • Institution Name
    • Branch Code
    • IBAN Branch Code
    • Routing Branch Code
  4. Click Exit to end the transaction.

Parent topic: Core Maintenance