MT582: (11) Field 53a: Account for Payment

FORMAT

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

PRESENCE

Conditional (see rule C2) in optional sequence B

DEFINITION

This field identifies the name and/or account which has been or will be credited or debited.

NETWORK VALIDATED RULES

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

BIC specifies the Bank Identifier Code. BEI specifies the Business Entity Identifier.

USAGE RULES

This field is used when there is a direct account relationship between the Sender and the Receiver which is to be used for the reimbursement of funds.