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MT 504 Field Specifications

59. Field 98a: Date/Time

FORMAT

Option A :4!c//8!n (Qualifier)(Date)
Option B :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Date Code)

PRESENCE

Mandatory in conditional (see rule C4) subsequence C3

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 M ISSU N   A Issue Date
2 O EXPI N C6 A or B Expiry Date

DEFINITION

This qualified generic field specifies:

EXPI Expiry Date Expiry date of the bank guarantee or documentary credit.
ISSU Issue Date Date on which the bank guarantee or documentary credit is issued.

CODES

In option B, if Data Source Scheme is not present, Date Code must contain the following code (Error code(s): K98):

OPEN Open-Dated There is no expiry date.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).