MT 306 Field Specifications

70. Field 88a: Broker Identification

FORMAT

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (BIC/BEI)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name & Address)

PRESENCE

Conditional (C19) in a conditional sequence (C19)

DEFINITION

This field identifies the broker who arranged the deal between party A and party B or, when two money brokers are involved, between party A and the other money broker.

For matching purposes, option A must be used when available.

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 is only used to identify voice brokers. Electronic brokerage systems must be identified in field 24D Dealing Method.