MT 101 Field Specifications

5. Field 50a: Ordering Customer

FORMAT

Option G	/34x 4!a2!a2!c[3!c]	(Account) (BEI)
Option H	/34x 4*35x	(Account) (Name & Address)

PRESENCE

Conditional (C3)

DEFINITION

This field identifies the account owner whose account is to be debited with all transactions in sequence B.

NETWORK VALIDATED RULES

The BIC must be a BEI. Please refer to the latest version of the BIC Directory - Corporations for more information on BEIs. (Error code(s): T27, T28, T29, T45, E57).

USAGE RULES

Both the account number of the ordering customer at the Receiver or at the account servicing institution and the name and address or the BEI of the ordering customer must be present.