DbtrAgt and CdtrAgt BIC
Table of contents
SCT
Case: Notification (informational) in validation report forDebtor agent in pain.001
Text: From September 2013 RBS will support pain.001 with IBAN only for SEPA payments, meaning that BIC is not required from then.
If you choose not to provide a BIC, then Debtor Agent tags must be provided with value 'NOTPROVIDED' as follows:
<DbtrAgt>
<FinInstnId>
<Othr>
<Id>NOTPROVIDED</Id>
</Othr>
</FinInstnId>
</DbtrAgt>
Case: Notification (informational) in validation report forCreditor agent in pain.001
Text: From September 2013 RBS will support pain.001 with IBAN only for SEPA payments, meaning that BIC is not required from then.
If you choose not to provide a BIC, then the Creditor Agent tags must be left out completely.