MT 107 Field Specifications

20. 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 (C1 and C3)

DEFINITION

This field specifies the creditor ordering the transaction in this particular occurrence of sequence B.

NETWORK VALIDATED RULES

At least one line of the Name and Address must be present (Error code(s): T77).

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 of the creditor must be specified. If the account of the creditor is present, it must be specified in Account.