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MT 504 Field Specifications

61. Field 19B: Amount

FORMAT

Option B :4!c//3!a15d (Qualifier)(Currency Code)(Amount)

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 GUAR N   B Guarantee Amount
  or LOCR N   B Letter of Credit Amount

DEFINITION

This qualified generic field specifies:

GUAR Guarantee Amount Amount of the bank guarantee.
LOCR Letter of Credit Amount Amount of the documentary credit.

NETWORK VALIDATED RULES

The integer part of Amount must contain at least one digit. The decimal comma is mandatory and is included in the maximum length. The number of digits following the comma must not exceed the maximum allowed for the specified currency (Error code(s): C03,T40,T43).

Currency Code must be a valid ISO 4217 currency code (Error code(s): T52).