Note: For reachable parties, the party’s BIC11 should be entered here as an authorised account user. Last updated: 08.07.2024 Page 20 of 35 National Service Desk TARGET Services TIPS Participation Guide Cash Account Number Use the following format when naming DCAs: - I + DE + BIC11 + EUR + 21 characters of free text - Max. 34 characters. You will usually be entering the cash account number that you entered at Section 4.5.1 “Main Information” here. Authorised Account User BIC BICs allowed to settle on the TIPS DCA. At least one BIC must be specified, but not necessarily your party BIC. - BIC11 Participant Type Not relevant for TIPS, as the participation types are only set up for the RTGS DCA.
Maximum IP Amount Defines the maximum amount that a TIPS participant or TIPS reachable party accepts per payment. However, this only serves as information in the TIPS Directory and is not checked by TIPS. If the field is left empty, a value of 100.000 will be entered automatically, but TIPS will execute payments above the stored value too.