MT 101 Field Specifications

14. Field 50a: Instructing Party

FORMAT

Option C	4!a2!a2!c[3!c]	(BEI)
Option L	35x	(Party Identifier)

PRESENCE

Conditional (C4)

DEFINITION

This field identifies the customer which is authorised by the account owner/account servicing institution to order the transactions in this particular occurrence of 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

This field must only be used when the instructing customer is not also the account owner.