MT 559 Field Specifications

3. Field 53a: Account for Payment

FORMAT

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

PRESENCE

Conditional (C3)

DEFINITION

This field identifies the name and/or the account of the Sender, serviced by the Receiver, which is to be credited with the amount claimed.

NETWORK VALIDATED RULES

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