FININSTNID

FinInstnId is the <FinInstnId> block that identifies a financial institution in an ISO 20022 message, by BICFI, ClrSysMmbId, Nm, PstlAdr, Othr.

Definition

<FinInstnId> appears in several contexts: <DbtrAgent>/<FinInstnId>, <CdtrAgent>/<FinInstnId>, <IntrmyAgt1>/<FinInstnId>, etc. It is the canonical ISO 20022 bank-identification block, replacing tags 52a/53a/54a/56a/57a/58a from SWIFT MT.

Origin

Specified in the Business Component of the ISO 20022 Dictionary (BC <FinancialInstitutionIdentification>) since 2004. Stable since.

Use

A French bank is identified by <FinInstnId><BICFI>BNPAFRPP</BICFI><Nm>BNP PARIBAS</Nm><PstlAdr><Ctry>FR</Ctry></PstlAdr></FinInstnId>. If the bank has no BIC (rare), <ClrSysMmbId> can carry a national sort code.

Related terms

• ISO 20022 — the parent standard.
• BICFI — élément BICFI ISO 20022.
• BIC — code format.
• MT tag 52a — SWIFT MT ancestor.