DERIVE BANK ACCOUNT NUMBER FROM IBAN- 18C Feature

Summary

DERIVE BANK ACCOUNT NUMBER FROM IBAN

Content

Hi All,

I just wanted to understand how does the account number get derived from the IBAN code i.e. where is the feed coming from, is it internally mentioned by Oracle or some 3rd party system? We are planning to enable this feature but before opting for it would like to understand from where is the feed coming from and will only enabling the feature suffice the need or do we need to have any other integration in place for the account number to automatically get generated when IBAN is entered.