MT 104 Field Specifications

7. Field 50a: Instructing Party

FORMAT

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

PRESENCE

Conditional (C3)

DEFINITION

This field specifies the customer which is authorised by the creditor/account servicing institution to order all the transactions in the message.

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

This field must only be used when the instructing party is not also the creditor.