Identifier of the account-servicing bank, in practice the BIC. Usually optional for SEPA payments within the EEA.
cac:PaymentMeans/cac:PayeeFinancialAccount/cac:FinancialInstitutionBranch/cbc:IDrsm:SupplyChainTradeTransaction/ram:ApplicableHeaderTradeSettlement/ram:SpecifiedTradeSettlementPaymentMeans/ram:PayeeSpecifiedCreditorFinancialInstitution/ram:BICID Part of BG-17 Credit transfer
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Open the validator ← All EN 16931 terms
Semantics: EN 16931-1. Simplified explanation in our own words — the norm is authoritative.