MT 104 Field Specifications

21. Field 50a: Creditor

FORMAT

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

PRESENCE

Conditional (C2, C4 and C12)

DEFINITION

This field specifies the creditor whose account is to be credited with the direct debit transaction in this particular occurrence of sequence B.

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 specified.