MT 207 Field Specifications

6. Field 52G: Ordering Institution

FORMAT

Option G

/34x 4!a2!a2!c[3!c]

(Account) (BIC)

PRESENCE

Mandatory

DEFINITION

This field identifies the account owning financial institution whose account is to be debited with all transactions in sequence(s) B.

NETWORK VALIDATED RULES

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

The BIC must not be a BEI. Please refer to the latest version of the BIC Directory - Corporations for more information on BEIs. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs, non-SWIFT BICs, Masters, Synonyms, Live destinations and Test & Training destinations. (Error code(s): C05).

USAGE RULES

Account contains the account number of the ordering institution at the Receiver or at the account servicing institution.

BIC contains the identification of the ordering institution.