Besides the standard information, the IBAN format is mandatory (see Appendix VI). The beneficiary’s physical full address is mandatory.
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Moreover, it is recommended as well to provide the beneficiary’s telephone number in the remittance information.
This currency accepts three decimal places.