FII

Financial Institution Information. The EDIFACT segment that carries a party's bank coordinates for the settlement of an invoice.

Definition

Per the function statement in UN/EDIFACT D.96A, FII is used "to identify the financial institution and the account number for a party specified in the message". The segment carries four elements:

• 3035 — Party qualifier (mandatory): UNCL 3035, e.g. BB Buyer's bank, I1 Issuer of bill, OR Ordering customer, PB Paying financial institution, RB Receiving financial institution, BF Beneficiary's bank.
• C078 — Account holder identification: account number or IBAN (3194), holder name (3192/3192/6345 for the currency).
• C088 — Institution identification: BIC code (3433), bank name, branch, country (3207).
• 3207 — Country code: bank country (ISO 3166).

Since the late 2000s, modern usage favours IBAN (ISO 13616) in 3194 and BIC (ISO 9362) in 3433.

Origin

FII has been in EDIFACT since D.93A. It is widely used by INVOIC (supplier bank coordinates), PAYMUL (multiple payment), REMADV (remittance advice) and CREEXT (bank statement) messages. It relies on ISO 13616 (IBAN) and ISO 9362 (BIC) which are bank-side normative references.

Example in context

Supplier coordinates in an INVOIC:

Reading: beneficiary's bank (BF), IBAN FR7630001007941234567890185 held by Supplier SA in EUR, BIC BNPAFRPPXXX (25 = identification code, 5 = SWIFT), France.

Related terms

• NAD — the party whose bank coordinates FII gives.
• IBAN — the ISO 13616 standard carried in C078.
• INVOIC — the message that typically consumes FII.
• MOA — the amount to settle.