Advanced Search

Iban Terms Of Use

Original Language Title: IBAN lietošanas noteikumi

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
The Bank of Latvia Regulation No 58, Riga, 13 May 2010 in the IBAN use Issued in accordance with the law "on banking" article 9 the first paragraph is rule 1 shall be determined, under the authority of this provision in subparagraph 2.1 this international standard open and serving the customer accounts that the retained funds used in domestic and cross-border payments in lats and foreign currency (hereinafter referred to as the authority), assigned the international bank account number IBAN structure (hereinafter body) and minimum requirements to be followed in respect of the authority to the Latvian IBAN use when making payment arrangements between the institutions.
2. The terms used in the following terms: 2.1 the IBAN (International Bank Account Number)-international bank account number assigned to the client and which comply with the international standard ISO 13616-1:2007 financial services. International bank account number (IBAN). Part 1: IBAN structure ";
2.2. The Latvian IBAN-IBAN authority that meets this provision described in paragraph 3.
3. The Latvian IBAN consists of 21 symbol sequence control: 3.1 two letters – country code LV Latvia in accordance with international standard ISO 3166 "countries and their territorial breakdown unit name code";
3.2. two digits – check digit in accordance with the international standard ISO 7064 "information technology – security techniques – checkmark system" method of calculation described MOD 97-10 (annex);
3.3. the four letters: bank BIC (Bank Identifier Code) the first four letters in accordance with the international standard ISO 9362 "Bank identifier code";
3.4.13 marks – customer account number.
4. The Latvian IBAN use only uppercase Latin letters and Arabic numerals. Electronic payment documents to the Latvian IBAN contains no separators or nothing marks. To reduce the chance of error, indicating the Latvian IBAN, payment document in paper form of a document, and in the case where the account number entered manually, every four symbols with a space to separate the desired mark.
5. The customer's payment, which started paying off the amount of the beneficiary's account, the Authority accepting the client's payment documents in which the Latvian IBAN of the beneficiary is specified, checks the compliance of Latvian IBAN this provision described in paragraph 3, the structure and the accuracy of the check digit. If the document contains the Latvian IBAN does not meet this provision described in paragraph 3, the structure or the incorrect check digit, the requested authority shall reject the following payment document.
6. Be declared unenforceable by the Bank of Latvia Council of 15 May 2003 decision No 102/4 "for" IBAN "approval of the rules".
7. the rules shall enter into force on 1 June 2010.
The President of the Bank of Latvia (I). Rimšēvič attachment of Bank of Latvia 13 May 2010-Regulation No 58 check digit identification, verification and assurance of accuracy I. determination of the check digit 1. Latvian IBAN structure creates a corresponding symbol string, check digit are replaced with "00". For example, the Bank of Latvia (with BIC "BANK") to the customer's account number, the corresponding symbol 2900 4351 9500 1 string is LV00BANK2900435195001.
2. The first four symbols move their account number to the right. 1. This annex above the corresponding symbol, for example string is BANK2900435195001LV00.
3. Translate the letters to numbers in accordance with the following letter conversion table.
A = 10 G = 16 M S = 22 = Y = B = 34 28 11 H = 17 N = 23 T = Z = 29 C = 12 18 35 I = O = U = 24 13 19 30 D = J = P = g = E = 25 31 20 26 14 K = Q = W = 32 F = 15 L = R = X = 33 27 21 transformation the resulting string of digits is 111023202900435195001213100. To determine the check digit in the 4. the method of calculation used MOD 97-10 and the balance shall be deducted from the number 98. If the result is a single-digit number, with zeros on the left. The balance is calculated according to the following formula: MOD (n; 97) = n-97 * int (n/97) where: n-divisible (account number corresponding to the string of digits obtained in paragraph 3 of this annex reflect the outcome of conversion of letters);
Int — an indication that the result will be rounded down to obtain a whole number. For example, int (5.5) = 8, but int (14) = 14. Thus, the check digit in the customer's account is "45" [98-MOD (111023202900435195001213100; 97) = 98-53 = 45] and the Latvian IBAN is LV45BANK2900435195001.
II. Check digit verification 5. First four Latvian IBAN characters move their account number to the right. Move the resulting symbol string is BANK2900435195001LV45.
6. Translate the letters to numbers in accordance with paragraph 3 of this annex contains letter transformation table. Conversion of the resulting string of digits is 111023202900435195001213145.7. Check digit is correct when using MOD 97-10, you get a number of example 1 check digit "45" is correct, because the result of the calculation is the number 1 [MOD (111023202900435195001213145; 97) == 111023202900435195001213145-97 * int (111023202900435195001213145/97) = 1].
III. ensuring the accuracy of precision ensuring 8 a floating-point numbers (floating point numbers) instead of using whole numbers (integers). With 32 or 64 bit binary number can down to display integers in decimal numbers, note the way the composition of 9 or 18 characters.
9. If the number consists of more marks than whole numbers, which maintains the software, the calculation of balances (by dividing this number by the 97) can be divided into a number of consecutive integers (balance) the calculation: MOD 97-10 calculation of the first 9 (or 18) number of digits, then creates the next 9 (or 18) digit number, derived by adding the balances for the next 7 or 8 (or 16 or 17), and calculates the numbers MOD 97-10 of the new number. Repeat these steps until all of the digits of a number is used.
10. The remainder when dividing a number by the number 97, 111023202900435195001213145 is 1, and the result of the following activities to be carried out.
MOD (111023202; 97) = 9 MOD (990043519; 97) = 21 MOD (215001213; 97) = 34 MOD (34145; 97) = 1, the President of the Bank of Latvia is Rimšēvič.