MT 405 Field Specifications

41. Field 23C: Aval for Account of ...

FORMAT

Option C

4!c[/30x]

(Code) (Narrative)

PRESENCE

Mandatory in a conditional subsequence (C6)

DEFINITION

This field specifies, for the individual transaction in this occurrence of sequence B, the party for the account of which the aval has been provided.

CODES

Code must contain one of the following codes (Error code(s): T72):

DWEE	Drawee, in case of a bill of exchange
DWER	Drawer, in case of a bill of exchange
ISSR	Issuer (drawee), in case of a promissory note
OTHR	Party mentioned in Narrative, in case of a bill of exchange or a promissory note

NETWORK VALIDATED RULES

Narrative must only be used in combination with 'OTHR' (Error code(s): D81).

USAGE RULES

Narrative may only indicate another party, ie, not already covered by the codes indicated above, for whose account the aval has been provided.

Any additional information regarding the aval may be indicated in field 72, using the code word 'AVAL'.