This is going to be a real hassle to start your car or jump on your scooter to go to the nearest bank and once you got there, you find yourself standing in a very long queue. Both of these will accept and validate AII records in their live production environments but these transaction reports will not be sent to the FSA but will instead be deleted by the ARM. JOHN CHARLES SMITH or ABC COMPANY LTD. Institutions send each other messages over the network to confirm trades or to expect a wire transfer as examples. Once a firm has submitted this data, the regulator will map the FRN to the BIC and the firm must ensure that the TMU is aware of the BIC on an ongoing basis.

Country	City	Bank Name	Branch	SWIFT
United Kingdom	Bristol	Mchattie Investment Management Limited	Mchattie Investment Management Limited	MCIAGB21XXX