MT 416 Field Specifications

4. Field 51A: Sending Institution

FORMAT

Option A

[/1!a][/34x] 4!a2!a2!c[3!c]

(Party Identifier) (BIC)

PRESENCE

Optional (FileAct IFT Only)

DEFINITION

This field identifies the Sender of the message.

NETWORK VALIDATED RULES

This field may only be used in FileAct, IFT, and not in FIN (Error code(s): D63).

USAGE RULES

In FileAct IFT the sender's reference together with the content of this field provides the message identification which is to be used in the case of queries, cancellations, etc.

At least the first eight characters of the BIC in this field must be identical to the originator of this FileAct IFT message.