MT 503 Field Specifications

28. Field 20C: Reference: Collateral Reference

FORMAT

Option C

:4!c//16x

(Qualifier) (Reference)

PRESENCE

Mandatory in an optional sequence

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	COLR	N		C	Collateral Reference

DEFINITION

This qualified generic field specifies:

COLR

Collateral Reference

Reference assigned by the giver to unambiguously identify the piece of collateral.

NETWORK VALIDATED RULES

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

USAGE RULES

For Letters of Credit, Collateral Reference is the Documentary Credit Number.