MT 416 Field Specifications

1. Field 20: Sender's Reference

FORMAT

16x

PRESENCE

Mandatory

DEFINITION

This field specifies the reference to the entire message.

NETWORK VALIDATED RULES

This field must not start or end with a slash ('/') and must not contain two consecutive slashes ('//') (Error code(s): T26).

USAGE RULES

The sender's reference must be unique for each message and is part of the message identification and transaction identification which is used in case of queries, cancellations, etc. This reference must be quoted in any related confirmation or statement, to the sending financial institution.