MT 504 Field Specifications

49. Field 22F: Indicator: Settlement Transaction Condition

FORMAT

Option F :4!c/[8c]/4!c (Qualifier) (Data Source Scheme) (Indicator)

PRESENCE

Optional in an optional subsequence

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O STCO N   F Settlement Transaction Condition

DEFINITION

This qualified generic field specifies:

STCO Settlement Transaction Condition Conditions under which the collateral is to be settled.

CODES

If Data Source Scheme is not present, Indicator must contain the following code (Error code(s): K22):

NSSP Standing Settlement Parties Override The standing settlement parties have to be overridden.