MT 330 Field Specifications

30. Field 57a: Receiving Agent

FORMAT

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (BIC)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name & Address)
Option J	5*40x	(Party Identification)

PRESENCE

Mandatory

DEFINITION

This field identifies the financial institution and account where party B will receive the payment.

CODES

With option J, the following codes must be used (Error code(s): T78):

/ABIC/	M	followed by the BIC or UKWN if BIC not known	4!a2!a2!c[3!c] or 4!a
/ACCT/	O	followed by the account number	34x
/NAME/	M	followed by the name	34x
/ADD1/	O	followed by the first line of the address	35x
/ADD2/	O	followed by the second line of the address	35x
/CITY/	O	followed by the city (and state, country)	35x
/USFW/	O	followed by FedWire Routing Number	9!n
/USCH/	O	followed by CHIPS UID	6!n
/GBSC/	O	followed by UK domestic sort code	6!n
/CLRC/ or	O	followed by a clearing code	35x
/NETS/ or	M
/SSIS/	M
M = Mandatory O = Optional

CODES

With option D, one of the following codes may also be used:

NET	When net settlement takes place.
NONE	When no settlement is taking place.
SSI	When standing settlement instructions apply.
UNKNOWN	When the settlement instructions are not known.

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

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

Party Identifier in options A and D may be used to indicate a CHIPS Universal Identifier. When used, it must be preceded by a double slash '//', and the code CH and 6 digits.

Please refer to the chapter Guidelines for this MT.