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MT 504 Field Specifications

60. Field 95a: Party: Issuer

FORMAT

Option P :4!c//4!a2!a2!c[3!c] (Qualifier)(Identifier Code)
Option Q :4!c//4*35x (Qualifier)(Name and Address)
Option R :4!c/8c/34x (Qualifier)(Data Source Scheme)(Proprietary 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   P, Q, or R Issuer

DEFINITION

This qualified generic field specifies:

ISSU Issuer Party that issues the bank guarantee or documentary credit.

In option P, Identifier Code specifies a BIC. For more details, see the Standards MT General Information.

In option R, Proprietary Code specifies a local national code or market segment code identifying the party.

NETWORK VALIDATED RULES

Identifier Code must be a registered BIC (Error code(s): T27,T28,T29,T45).

Proprietary code (Format Option R) and Name and Address (Format Option Q) must not start or end with a slash '/' and must not contain two consecutive slashes '//'. For field formats with more than 1 line, the rule applies for each line (Error code(s): T26).