MT558: (41) Field 17B: Flag

FORMAT

Option B :4!c//1!a (Qualifier)(Flag)

PRESENCE

Mandatory in optional sequence D

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

CMAF

N

 

B

Cash Movements Approved Flag

2

O

COLL

N

 

B

Collateral Flag

DEFINITION

This qualified generic field specifies:

CMAF

Cash Movements Approved Flag

Indicates whether the proposed cash movements can be accepted.

COLL

Collateral Flag

Indicates whether the cash amount is delivered/received as part of collateral.

CODES

If Qualifier is CMAF, Flag must contain one of the following codes :

N

No

Proposed cash movements are not OK.

Y

Yes

Proposed cash movements are OK.

CODES

If Qualifier is COLL, Flag must contain one of the following codes :

N

No

Amount of money is not part of the collateral; it is part of the deal transaction.

Y

Yes

Amount of money is part of the collateral.