MT 503 Field Specifications

4. Field 16R:Start of Block

FORMAT

Option R

16c

PRESENCE

Mandatory

DEFINITION

This field specifies the start of a block and the name of that block.

CODES

This field must contain the following code (Error code(s): T92):

AGRE

Agreement

USAGE RULES

More than one occurrence of the agreement is only authorised for cross-product collateralisation and when no overall master agreement is in place yet.