Bank instruction codes are generally country-specific identifiers provided by a country's government or central bank. These codes provide the payment system or bank with additional details about how the country-specific payment is to be processed.
The purpose of entering country-specific bank instruction codes required by a particular country's payment system or bank is to enable you to process payment instructions to the country-specific payment system or bank.
Oracle Payments provides many seeded bank instruction codes. The Author column of the Bank Instruction Codes page displays Oracle Payments for seeded bank instruction codes and the applicable user name for user-defined codes.
To create a bank instruction code, enter the following:
code obtained from the country's government or central bank
format value obtained from the country's government or central bank
country for which you are creating the instruction code