MT 541 Field Specifications

58. Field 95a: Party

FORMAT

Option C	:4!c//2!a	(Qualifier) (Country Code)
Option P	:4!c//4!a2!a2!c[3!c]	(Qualifier) (BIC/BEI)
Option R	:4!c/8c/34x	(Qualifier) (Data Source Scheme) (Proprietary Code)
Option Q	:4!c//4*35x	(Qualifier) (Name & Address)
Option S	:4!c/[8c]/4!c/2!a/30x	(Qualifier) (Data Source Scheme) (Type of ID) (Country Code) (Alternate ID)

PRESENCE

Mandatory

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	BUYR	N	C7, C9	P, Q, R	Buyer
	or	DEAG	N	C7, C8	P, Q, R	Delivering Agent
	or	DECU	N	C7, C9	P, Q, R	Deliverer's Custodian
	or	DEI1	N	C7, C9	P, Q, R	Deliverer's Intermediary 1
	or	DEI2	N	C7, C9	P, Q, R	Deliverer's Intermediary 2
	or	PSET	N	C7, C8	C, P, Q	Place of Settlement
	or	REAG	N	C7	P, Q, R	Receiving Agent
	or	RECU	N	C7, C9	P, Q, R	Receiver's Custodian
	or	REI1	N	C7, C9	P, Q, R	Receiver's Intermediary 1
	or	REI2	N	C7, C9	P, Q, R	Receiver's Intermediary 2
	or	SELL	N	C7, C9, C14	P, Q, R	Seller
2	O	ALTE	N		S	Alternate Identification

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	BUYR	N	C7, C9	P, Q, R	Buyer
	or	DEAG	N	C7, C8	P, Q, R	Delivering Agent
	or	DECU	N	C7, C9	P, Q, R	Deliverer's Custodian
	or	DEI1	N	C7, C9	P, Q, R	Deliverer's Intermediary 1
	or	DEI2	N	C7, C9	P, Q, R	Deliverer's Intermediary 2
	or	DEI3	N	C7, C9	P, Q, R	Deliverer's Intermediary 3
	or	DEI4	N	C7, C9	P, Q, R	Deliverer's Intermediary 4
	or	DEI5	N	C7, C9	P, Q, R	Deliverer's Intermediary 5
	or	DEI6	N	C7, C9	P, Q, R	Deliverer's Intermediary 6
	or	DEI7	N	C7, C9	P, Q, R	Deliverer's Intermediary 7
	or	DEI8	N	C7, C9	P, Q, R	Deliverer's Intermediary 8
	or	DEI9	N	C7	P, Q, R	Deliverer's Intermediary 9
	or	PSET	N	C7, C8	C, P, Q	Place of Settlement
	or	REAG	N	C7	P, Q, R	Receiving Agent
	or	RECU	N	C7, C9	P, Q, R	Receiver's Custodian
	or	REI1	N	C7, C9	P, Q, R	Receiver's Intermediary 1
	or	REI2	N	C7, C9	P, Q, R	Receiver's Intermediary 2
	or	REI3	N	C7, C9	P, Q, R	Receiver's Intermediary 3
	or	REI4	N	C7, C9	P, Q, R	Receiver's Intermediary 4
	or	REI5	N	C7, C9	P, Q, R	Receiver's Intermediary 5
	or	REI6	N	C7, C9	P, Q, R	Receiver's Intermediary 6
	or	REI7	N	C7, C9	P, Q, R	Receiver's Intermediary 7
	or	REI8	N	C7, C9	P, Q, R	Receiver's Intermediary 8
	or	REI9	N	C7	P, Q, R	Receiver's Intermediary 9
	or	SELL	N	C7, C9, C15	P, Q, R	Seller
2	O	ALTE	N		S	Alternate Identification

DEFINITION

This qualified generic field specifies:

BUYR	Buyer. Party that receives the financial instrument.
DEAG	Delivering Agent. Delivering party that interacts with the place of settlement.
DECU	Deliverer's Custodian. Party that interacts with the delivering agent unless intermediaries exist.
DEI1	Deliverer's Intermediary 1. Party that interacts with the delivering agent.
DEI2	Deliverer's Intermediary 2. Party that interacts with the deliverer's intermediary 1.
PSET	Place of Settlement.
REAG	Receiving Agent. Receiving party that interacts with the place of settlement.
RECU	Receiver's Custodian. Party that interacts with the receiving agent unless intermediaries exist.
REI1	Receiver's Intermediary 1. Party that interacts with the receiving agent.
REI2	Receiver's Intermediary 2. Party that interacts with the receiver's intermediary 1.
SELL	Seller. Party that delivers the financial instrument.
ALTE	Alternate Identification.

BUYR	Buyer.
DEAG	Delivering Agent.
DECU	Deliverer's Custodian.
DEI1	Deliverer's Intermediary 1.
DEI2	Deliverer's Intermediary 2.
DEI3	Deliverer's Intermediary 3.
DEI4	Deliverer's Intermediary 4.
DEI5	Deliverer's Intermediary 5.
DEI6	Deliverer's Intermediary 6.
DEI7	Deliverer's Intermediary 7.
DEI8	Deliverer's Intermediary 8.
DEI9	Deliverer's Intermediary 9.
PSET	Place of Settlement.
REAG	Receiving Agent.
RECU	Receiver's Custodian.
REI1	Receiver's Intermediary 1.
REI2	Receiver's Intermediary 2.
REI3	Receiver's Intermediary 3.
REI4	Receiver's Intermediary 4.
REI5	Receiver's Intermediary 5.
REI6	Receiver's Intermediary 6.
REI7	Receiver's Intermediary 7.
REI8	Receiver's Intermediary 8.
REI9	Receiver's Intermediary 9.
SELL	Seller.
ALTE	Alternate Identification.

In option C, Country Code specifies in physical settlement transactions the country of settlement. This allows the custodian to direct instructions to a local agent in the country of settlement.

Alternate ID specifies an alternate identification of the party identified in the same sequence.

BIC specifies the Bank Identifier Code. BEI specifies the Business Entity Identifier.

Type of ID specifies the type of alternate identification which can be used to give an alternate identification of the party identified in the sequence.

Proprietary Code specifies a local national code or market segment code identifying the party.

In option S, Country Code specifies the country for which the alternate identification is relevant.

CODES

When Data Source Scheme is not present, Type of ID must contain one of the following codes (Error code(s): K95):

ARNU	Alien Registration Number	Alien registration number.
CCPT	Passport Number	Passport number.
CHTY	Tax Exempt Identification Number	Tax exempt identification number, i.e. charity in the UK.
CORP	Corporate Identification	Name of the corporate, followed by a slash, '/', followed by the number of the customer in a corporation.
DRLC	Driver's License Number	State of issue, followed by a slash, '/', followed by the driver's license number.
FIIN	Foreign Investment Identity Number	Foreign Investment Identity Number (to be used when different ID than Alien Number).
TXID	Tax Identification Number	Tax identification number.

NETWORK VALIDATED RULES

Country Code must be a valid ISO country code (Error code(s): T73).

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

Proprietary code (Format Option R), Alternate ID (Format Option S) and Name & Address (Format Option Q) must not start or end with a slash '/' and not contain two consecutive slashes '//'. For field formats with more than 1 line, the rule applies for each line (Error code(s): T26).

USAGE RULES

Qualifiers used to identify the parties do not specify the business role of the parties but their position in the settlement chain and the relationship which the parties have with one another.