ISO 20022 Messaging - TM - Party Identification (UIC and BIC)

Table of Contents

There are several elements in the ISO 20022 Business Message that contains a Party Identifier. To identify a Party, the ASX accepts a User Identification Code (UIC) or Business Identifier Code (BIC).

User Identification Code (UIC)

Allocated by the ASX, the User Identification Code (UIC) is a unique identifier for a Party. A Party's UIC is also known as a Party Identifier (PID).

Business Identifier Code (BIC)

The Business Identifier Code (BIC) is a standard established by the International Organisation for Standardization (ISO). The standard is defined in ISO 9362.The BIC is used for addressing messages, routing business transactions and identifying business parties on the SWIFT network. This standard applies to organisations and excludes individual persons.


Inbound Business Message* (Party to ASX)

A Party's identification is not validated against preference. The ASX accepts any format - UIC or BIC.

Outbound Business Message* (ASX to Party)

A Party's identification is generated based on preference.

*Business Message = BAH + Document

Example:

Inbound Message: Party Identification is not validated against preference.

Party IDA

 From

BIC or UIC (ASX)

To

BIC or UIC (Party A)

Party

BIC or UIC

Counterparty

UIC 

Example:

Party IDAB

 UIC

 

 

 BIC

 

 Preference

BIC

 UIC


Party IDAB

From

BIC (ASX)

UIC (ASX)

To

BIC (Party A)

UIC (Party B)

Party

BIC

UIC

Counterparty

UIC

UIC

BICs must be unique in the system. Parties with multiple UICs can consolidate under UICs under one UIC to utilise BIC functionality. Please contact the ASX prior to UIC consolidation.


Data Type

The schema and guideline definitions restrict the patterns for the tag format.

For BIC-based tags, BIC8 or BIC11 format are accepted. In the case of SWIFTnet, only BIC8 will be accepted in the Business Application Header (BAH). This is the regular expression '[A-Z]{6,6}[A-Z2-9][A-NP-Z0-9]([A-Z0-9]{3,3}){0,1}'. 

BIC format: 4an 2a 2an [3an]

4 an= Business party prefix

2a= Country Code (ISO3166-1)

2an= Business party suffix

[3an]= Branch Identifier

an= alpha-numeric

a= alphabetic

[  ] optional

BIC11: ACLRAU2S201

ACLR= Business party prefix

AU= Country Code (ISO3166-1)

2S= Business party suffix

201= Branch Identifier

For UIC-based tags the format type is UIC and regular expression '[0-9]{5}'. This value is the CHESS legacy User identifier Code.

Sample:

BIC8: XASXAU2S

XASX= Business party prefix

AU= Country Code (ISO3166-1)

2S= Business party suffix

[3an]= Branch Identifier

Sample:

BIC8: XASXAU2S

XASX= Business party prefix

AU= Country Code (ISO3166-1)

2S= Business party suffix

[3an]= Branch Identifier


Mapping in ISO 20022

There are several elements in the ISO 20022 Business Message that contain a Party Identifier. Parties can select from a SWIFT Identifier (BIC) and ASX Identifier (UIC). 

Party ID
ISO 20022 element

BIC

AnyBIC <AnyBIC>

UIC

Proprietary Identification <PrtryID>



MyStandards view

 

Issuer: Entity that assigns the identification. The Issuer of a UIC is always XASX. For more more details, refer to the ASX Proprietary Code List.



XML schema view

Samples of ISO 20022 Mapping






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