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Questions and Answers
What should be done if the Agent/Broker BIC code is not valid in ISO/BANCS?
What should be done if the Agent/Broker BIC code is not valid in ISO/BANCS?
- Contact the issuing authority (correct)
- Change the BIC code
- Delete the BIC code
- Ignore the error
What is the BIC code used for in ISO/BANCS?
What is the BIC code used for in ISO/BANCS?
- To track transactions
- To validate the agent/broker
- To encrypt data
- To identify the agent/broker (correct)
What can happen if the BIC code is not valid in ISO/BANCS?
What can happen if the BIC code is not valid in ISO/BANCS?
- The data cannot be encrypted
- The transactions cannot be tracked
- The agent/broker cannot be validated
- The agent/broker cannot be identified (correct)
