| Option C | :4!c//2!a | (Qualifier)(Country Code) |
| 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) |
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 |
3 |
O |
INVE |
N |
|
P, Q, R, or C |
Investor |
This qualified generic field specifies:
INVE |
Investor |
Party, either an individual or organisation, whose assets are being invested. |
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.
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 .
The qualifier INVE is to be used only when the investor cannot be a trade counterparty for legal reasons, eg, in Japan where the trust bank arranges the deal with the broker.
When INVE is used with option C, the country code specifies the nationality of the investor, for the settlement of certain securities (i.e. airlines, defence manufacturers) under the EU legislation.