MT 104 Field Specifications

8. Field 50a: Creditor

FORMAT

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

PRESENCE

Conditional (C2 and C4)

DEFINITION

This field specifies the creditor whose account is to be credited with all transactions in sequence B. In case the MT 104 is used under the request for Direct Debit scenario, this account is held at the Receiver. In all other cases, the account is maintained at the Sender or the account servicing institution specified in field 52a.

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 a minimum, the name or BIC/BEI of the creditor must be present. Under the Request for Direct Debit scenario, Account is mandatory.