Bank Master Data

Reference information about a financial institution that is required to conduct business transactions with this
financial institution, such as the institution’s contact information, offices and branches, clearing codes such as
BIC, and domestic clearing codes

Bank master data uniquely identifies financial institutions. You upload bank master data provided by external
data sources that the system uses to validate payment information, for example, bank identifier codes (BIC) and
national IDs, and to support straight-through processing (STP) of cross-border payments.

Structure

A bank master data record contains the following data:

• Record ID
• Name of the financial institution (maximum four lines)
• Bank identifier code (BIC)
• BIC associated with the routing account national ID and its expiry date
• Identification or account number of the US Clearing House Interbank Payments System (CHIPS)
• Nonformatted address of the financial institution (maximum four lines)
• Address of the financial institution (street, house #, country, postal code, city, office PO box info)
• Telephone number
• Fax number
• E-mail address
• Web site URL
• Head office record ID
• Date on which the record was last updated
• Activation date and deactivation date