SWIFT Module 7.1 SP10.July 2020 | Package Services | WmFIN Package Services | wm.fin.bic Folder | wm.fin.bic:validateBICCode
This service validates the BIC code for a financial institution, as follows:
1. Splits the BIC into a BIC_Code (the first 8 characters) and a branchCode (characters 9 to 11). If the branch code is empty, it substitutes it with XXX.
2. In the BIC list, searches for the BIC_Code and branchCode in the data file.
3. If a record is found, the BIC is valid.
Input Parameters
String BIC code of the financial institution.
Output Parameters
String Specifies if the validation succeeded. Valid values: true and false.
String Specifies the error message if an error occurs.
String Specifies whether an error occurred. Valid values: yes and no.