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MT 507 Field Specifications

23. Field 22H: Indicator: Collateral Type Indicator

FORMAT

Option H :4!c//4!c (Qualifier)(Indicator)

PRESENCE

Mandatory in conditional (see rule C2) sequence B

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 M COLL N   H Collateral Type Indicator

DEFINITION

This qualified generic field specifies:

COLL Collateral Type Indicator Specifies the type of collateral used.

CODES

Indicator must contain one of the following codes (Error code(s): K22):

BCOL Other Collateral Either a Bank Guarantee or Letter of Credit.
CCOL Cash Collateral Collateral is cash.
SCOL Securities Collateral Collateral is securities.