MT 503 Field Specifications

34. Field 17B: Flag: Ownership Flag

FORMAT

Option B :4!c//1!a (Qualifier) (Flag)

PRESENCE

Mandatory in a conditional (C4) subsequence

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O OWNF N   B Ownership Flag

DEFINITION

This qualified generic field specifies:

OWNF Ownership Flag This field indicates whether the collateral giver owns the claimed collateral or not.

CODES

Flag must contain one of the following codes (Error code(s): K17):

N No The collateral giver doesn't own the claimed collateral.
Y Yes The collateral giver owns the claimed collateral.

USAGE RULES

The bilateral agreement should include whether the ownership flag is part of the eligibility criteria. If it is part of the eligibility criteria, the ownership flag should be present, otherwise it is not needed.