MT586: (68) 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)
Option S :4!c/[8c]/4!c/2!a/30x (Qualifier)(Data Source Scheme)(Type of ID)(Country Code)(Alternate ID)

PRESENCE

Mandatory in optional subsequence B5b

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

ACCW

N

C5

P, Q, or R

Account With Institution

 

or

BENM

N

C5

P, Q, or R

Beneficiary of Money

 

or

PAYE

N

C5

P, Q, or R

Paying Institution

2

O

ALTE

N

 

S

Alternate ID

DEFINITION

This qualified generic field specifies:

ACCW

Account With Institution

Financial institution that services the cash account of the beneficiary customer, if other that the Receiver.

ALTE

Alternate ID

Alternate identification for a party.

BENM

Beneficiary of Money

Ultimate party to be credited with the money.

PAYE

Paying Institution

Party from whose account the payment needs to be done, if different from the Sender's account.

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.

In option S:

CODES

In option S, if Data Source Scheme is not present, Type of ID must contain one of the following codes :

ARNU

Alien Registration Number

Number assigned by a government agency to identify foreign nationals.

CCPT

Passport Number

Number assigned by a passport authority.

CHTY

Tax Exempt Identification Number

Number assigned to a tax exempt entity.

CORP

Corporate Identification

Number assigned to a corporate entity.

DRLC

Driver's License Number

Number assigned to a driver's license.

FIIN

Foreign Investment Identity Number

Number assigned to a foreign investor (other than the alien number).

TXID

Tax Identification Number

Number assigned by a tax authority to an entity.

NETWORK VALIDATED RULES

Country Code must be a valid ISO country code .

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

If Qualifier is ACCW or PAYE, the BIC must not be a BEI. Please refer to the latest version of the BIC Directory - Corporations for more information about BEIs. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs, non-SWIFT BICs, Masters, Synonyms, Live destinations and Test & Training destinations .

Proprietary code (Format Option R), Alternate ID (Format Option S) 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 .