MT 504 Field Specifications

28. Field 20C: Reference: Collateral Reference

FORMAT

Option C

:4!c//16x

(Qualifier)(Reference)

PRESENCE

Mandatory in mandatory sequence C

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	COLR	N		C	Collateral Reference

DEFINITION

This qualified generic field specifies:

COLR

Collateral Reference

Reference assigned by the giver to unambiguously identify the piece of collateral.

NETWORK VALIDATED RULES

Reference must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).

USAGE RULES

For Letters of Credit, Collateral Reference is the Documentary Credit Number.