MT517: (5) 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 sequence A

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

AFFM

N

 

P, Q, or R

Affirming Party

2

O

BUYR

N

 

P, Q, or R

Buyer

3

O

SELL

N

 

P, Q, or R

Seller

4

O

DEAG

N

 

P, Q, or R

Delivering Agent

5

O

REAG

N

 

P, Q, or R

Receiving Agent

DEFINITION

This qualified generic field specifies:

AFFM

Affirming Party

Party that affirms the details of a previously confirmed transaction.

BUYR

Buyer

Party that receives the financial instrument.

DEAG

Delivering Agent

Delivering party that interacts with the place of settlement.

REAG

Receiving Agent

Receiving agent that interacts with the place of settlement.

SELL

Seller

Party that delivers the financial instrument.

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 .