MT504: (81) 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

Optional in optional sequence F

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

MEOR

N

 

P, Q, or R

Originator of Message

2

O

MERE

N

 

P, Q, or R

Recipient of Message

DEFINITION

This qualified generic field specifies:

MEOR

Originator of Message

Party that originated the message, if other than the Sender.

MERE

Recipient of Message

Party that is the final destination of the message, if other than the Receiver.

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 .

Proprietary code (Format Option R) and Name & 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 .