MT 516 Field Specifications

12. Field 87a: Receiver/Deliverer of Securities on Loan

FORMAT

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (BIC)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name & Address)

PRESENCE

Conditional (C2)

DEFINITION

This field identifies the receiver or deliverer of securities on loan.

NETWORK VALIDATED RULES

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

USAGE RULES

When field 23 contains BORROW, this field identifies either where the Sender wishes the securities to be received, ie, field 23 consists of BORROW/NEWLON, or where the Sender will deliver the securities, ie, field 23 consists of BORROW/RETURN or BORROW/RECALL, when different from the Receiver.

When field 23 contains LENDER, this field identifies either from where the Sender will deliver the securities, ie, field 23 consists of LENDER/NEWLON, or where the Sender wishes to receive the securities, ie, field 23 consists of LENDER/RECALL or LENDER/RETURN, when different from the Receiver.