MT506: (80) Field 95a: Party: Issuer

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 conditional (see rule C4) subsequence D3

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

ISSU

N

 

P, Q, or R

Issuer

DEFINITION

This qualified generic field specifies:

ISSU

Issuer

Party that issues the bank guarantee or documentary credit.

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