MT 505 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 there is no overall master agreement in place yet.