MT516: (12) Field 87a: Receiver/Deliverer of Securities

FORMAT

Option A [/1!a][/34x]
4!a2!a2!c[3!c]		 (Party Identifier)
(BIC)
Option D [/1!a][/34x]
4*35x		 (Party Identifier)
(Name & Address)

PRESENCE

Conditional (see rule C2) in mandatory sequence A

DEFINITION

This field identifies the receiver or deliverer of securities on loan.

NETWORK VALIDATED RULES

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

USAGE RULES

When field 23 contains BORROW, this field identifies either where the Sender wishes the securities to be received, ie, field 23 consists of BORROW/NEWLON, or where the Sender will deliver the securities, ie, field 23 consists of BORROW/RETURN or BORROW/RECALL, when different from the Receiver.

When field 23 contains LENDER, this field identifies either from where the Sender will deliver the securities, ie, field 23 consists of LENDER/NEWLON, or where the Sender wishes to receive the securities, ie, field 23 consists of LENDER/RECALL or LENDER/RETURN, when different from the Receiver.