MT 506 Field Specifications

57. Field 22H: Indicator: Collateral Type Indicator

FORMAT

Option H :4!c//4!c (Qualifier) (Collateral Type Indicator)

PRESENCE

Mandatory

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 M COLL N   H Collateral Type Indicator

DEFINITION

This qualified generic field specifies:

COLL Collateral Type Indicator The type of collateral.

CODES

Indicator must contain one of the following codes (Error code(s): K22):

BCOL Other Collateral Either a Bank Guarantee or Letter of Credit.
CCOL Cash Collateral The collateral is cash.
SCOL Securities Collateral The collateral is securities.