MT 102 Field Specifications

15. Field 59a: Beneficiary Customer

FORMAT

Option A	[/34x] 4!a2!a2!c[3!c]	(Account) (BIC/BEI)
No option letter	[/34x] 4*35x	(Account) (Name & Address)

PRESENCE

Mandatory

DEFINITION

This field specifies the customer to which the transaction amount should be transmitted.

NETWORK VALIDATED RULES

The BIC/BEI must be a SWIFT registered address, either connected or non-connected (Error code(s): T27, T28, T29, T45).

USAGE RULES

At least the name or the BIC/BEI of the beneficiary customer is mandatory.

If a BEI is specified, it must be meaningful for the financial institution that services the account for the beneficiary customer.