MT506: (56) Field 20C: Reference: Collateral Reference

FORMAT

Option C :4!c//16x (Qualifier)(Reference)

PRESENCE

Mandatory in mandatory sequence D

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

COLR

N

 

C

Collateral Reference

DEFINITION

This qualified generic field specifies:

COLR

Collateral Reference

Reference of the piece of valued collateral.

NETWORK VALIDATED RULES

Reference must not start or end with a slash '/' and not contain two consecutive slashes '//' .

USAGE RULES

For letters of Credit, Collateral Reference is the Documentary Credit Number.