| Option P | :4!c//4!a2!a2!c[3!c] | (Qualifier)(Identifier Code) |
| Option Q | :4!c//4*35x | (Qualifier)(Name and Address) |
| Option R | :4!c/8c/34x | (Qualifier)(Data Source Scheme)(Proprietary Code) |
| Option S | :4!c/[8c]/4!c/2!a/30x | (Qualifier)(Data Source Scheme)(Type of ID)(Country Code)(Alternate ID) |
Mandatory in optional subsequence E2
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
ACCW |
N |
C5 |
P, Q, or R |
Account With Institution |
|
or |
BENM |
N |
C5 |
P, Q, or R |
Beneficiary of Money |
|
or |
DEBT |
N |
C5 |
P, Q, or R |
Debtor |
|
or |
PAYE |
N |
C5 |
P, Q, or R |
Paying Institution |
2 |
O |
ALTE |
N |
|
S |
Alternate ID |
This qualified generic field specifies:
ACCW |
Account With Institution |
Financial institution that services the cash account of the beneficiary customer, if other that the Receiver. |
ALTE |
Alternate ID |
Alternate identification for a party. |
BENM |
Beneficiary of Money |
Ultimate party to be credited with the money. |
DEBT |
Debtor |
Paying agent ordering customer or debtor. |
PAYE |
Paying Institution |
Party from whose account the payment needs to be done, if different from the Sender's account. |
In option P, Identifier Code specifies a BIC. For more details, see the Standards MT General Information.
In option R, Proprietary Code specifies a local national code or market segment code identifying the party.
In option S:
Type of ID specifies the type of alternate identification which can be used to give an alternate identification of the party identified in the sequence.
Country Code specifies the country for which the alternate identification is relevant.
Alternate ID specifies an alternate identification of the party identified in the same sequence.
In option S, if Data Source Scheme is not present, Type of ID must contain one of the following codes:
ARNU |
Alien Registration Number |
Number assigned by a government agency to identify foreign nationals. |
CCPT |
Passport Number |
Number assigned by a passport authority. |
CHTY |
Tax Exempt Identification Number |
Number assigned to a tax exempt entity. |
CORP |
Corporate Identification |
Number assigned to a corporate entity. |
DRLC |
Driver's Licence Number |
Number assigned to a driver's licence. |
FIIN |
Foreign Investment Identity Number |
Number assigned to a foreign investor (other than the alien number). |
TXID |
Tax Identification Number |
Number assigned by a tax authority to an entity. |
Country Code must be a valid ISO country code.
Identifier Code must be a registered BIC.
If Qualifier is ACCW or PAYE, Identifier Code must be a financial institution BIC. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs, non-SWIFT BICs, Masters, Synonyms, Live destinations and Test & Training destinations.
Proprietary code (Format Option R), Alternate ID (Format Option S) and Name and Address (Format Option Q) must not start or end with a slash '/' and not contain two consecutive slashes '//'. For field formats with more than 1 line, the rule applies for each line.
Physical settlement:
For against payment physical deliveries, the cash transfer may be instructed using the cash party sequence. The cash parties will be identified with their BIC and accounts or a Local Identifier depending on the country MP.
For more details, see the relevant market practice document on www.smpg.info.