MT 103+ Field Specifications

16. Field 59a: Beneficiary Customer

FORMAT

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

PRESENCE

Mandatory

DEFINITION

This field specifies the customer which will be paid.

CODES

The following codes may be used in Account preceded by a double slash ('//'):

CH

6!n

CHIPS Universal Identifier

NETWORK VALIDATED RULES

Account must be present. (Error code(s): E10).

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

If an IBAN must be present in Account (C10), the IBAN must be a valid IBAN (ISO-13616) (Error code(s): D19, T73).

USAGE RULES

At least the name or the 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.