Financial changes refer to updates to information needed to process payments between business entities.
Changes to the financial information associated to a party or location do not require the allocation of a new GLN.
■ Change to tax registration number of legal entity
□ Same GLN: when the tax registration number of the legal entity changes
- Example: VAT (value added tax) registration number of the legal entity changes.
■ Change to financial account information
□ Same GLN: When the financial account information associated with the function changes.
- Example: Bank routing number was changed
- Example: Financial information associated to a GLN was removed and not replaced with new information
Relevant guiding principles: While many situations involving financial changes will not impact the guiding principles, certain scenarios may. Refer to section 1.1 for more details.