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 ID | A |
|---|---|
From | BIC or UIC (ASX) |
To | BIC or UIC (Party A) |
Party | BIC or UIC |
Counterparty | UIC |
Example:
| Party ID | A | B |
|---|---|---|
UIC | |
|
BIC | |  |
Preference | BIC | UIC |
| Party ID | A | B |
|---|---|---|
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
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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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