MT 503 Field Specifications

44. Field 95a: Party: Issuer

FORMAT

Option P :4!c//4!a2!a2!c[3!c] (Qualifier) (BIC/BEI)
Option Q :4!c//4*35x (Qualifier) (Name & Address)
Option R :4!c/8c/34x (Qualifier) (Data Source Scheme) (Proprietary Code)

PRESENCE

Mandatory in a conditional (C4) subsequence

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 M ISSU N   P, Q or R Issuer

DEFINITION

This qualified generic field specifies:

ISSU Issuer Party that issues a financial instrument.
ISSU Issuer The issuer of the bank guarantee or documentary credit.

BIC specifies the Bank Identifier Code. BEI specifies Business Entity Identifier.

Proprietary Code specifies a local national code or market segment code identifying the party.

NETWORK VALIDATED RULES

The BIC/BEI must be a SWIFT registered address, either connected or non-connected (Error code(s): T27, T28, T29, T45).

Proprietary code (Format Option R) and Name & Address (Format Option Q) must not start or end with a slash '/' and not contain two consecutive slashes '//'. For field formats with more than 1 line, the rule applies for each line (Error code(s): T26).