MT321: (29) Field 95a: Party

FORMAT

Option P :4!c//4!a2!a2!c[3!c] (Qualifier)(BIC/BEI)
Option Q :4!c//4*35x (Qualifier)(Name & Address)
Option R :4!c/8c/34x (Qualifier)(Data Source Scheme)(Proprietary Code)

PRESENCE

Mandatory in mandatory subsequence C1

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

CDEA

N

C4, C9

P, Q, or R

Cash Delivery Agent

 

or

INT2

N

C4

P, Q, or R

Second intermediary

 

or

INTE

N

C4

P, Q, or R

Intermediary

 

or

ACCW

N

C4, C9

P, Q, or R

Account With Institution

 

or

BENM

N

C4

P, Q, or R

Beneficiary of Money

2

O

ALTE

N

 

R

Alternate Identification

DEFINITION

This qualified generic field specifies:

ACCW

Account With Institution

The institution to which the payment is to be made in favour of the beneficiary of money.

ALTE

Alternate Identification

Alternate identification for the party specified in this sequence.

BENM

Beneficiary of Money

The institution in favour of which the payment is done.

CDEA

Cash Delivery Agent

The financial institution from which the funds will be transferred.

INT2

Second intermediary

The second intermediary institution for the transfer of the funds.

INTE

Intermediary

The first intermediary institution for the transfer of the funds.

In option P, BIC specifies the Bank Identifier Code. BEI specifies the Business Entity Identifier.

In option R, Proprietary Code specifies a local national code or market segment code identifying the party.

NETWORK VALIDATED RULES

The BIC/BEI must be a SWIFT registered address, either connected or non-connected .

If Qualifier is CDEA, INT2, INTE or ACCW, the BIC must not be a BEI. Please refer to the latest version of the BIC Directory - Corporations for more information about BEIs. 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 .

Name & Address (Format Option Q) and Proprietary Code (Format Option R) must not start or end with a slash '/' and not contain two consecutive slashes '//' .

USAGE RULES

Field 95 with option R cannot appear twice in the same sequence.

EXAMPLE

:95P::ACCW//BANKGB2L

:95R::ALTE/GBSC/123456