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Conditional (see rule C3)
This field specifies the issuing bank.
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms, Live destinations and Test & Training destinations (Error code(s): C05).
When the MT 707 is used to advise a bank of amendments to a documentary credit by a third bank, this field must specify the issuing bank.