MT 527 Field Specifications
28. Field 17B: Flag: Collateral Flag
FORMAT
Option B |
:4!c//1!a |
(Qualifier) (Flag) |
PRESENCE
Mandatory in an optional sequence
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
M |
COLL |
N |
|
B |
Collateral Flag |
DEFINITION
This qualified generic field specifies:
COLL |
Collateral Flag |
Whether the financial instrument is delivered/received as part of collateral or not. |
CODES
Flag must contain one of the following codes (Error code(s): K17):
N |
No |
The financial instrument is not part of the collateral, it is part of the deal transaction. |
Y |
Yes |
The financial instrument is part of the collateral. |