MT 564 Field Specifications
56. Field 17B: 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 |
DFLT |
N |
|
B |
Default Processing Flag |
|
or |
STIN |
N |
|
B |
Standing Instruction Indicator |
2 |
O |
RCHG |
N |
|
B |
Redemption Charges Flag |
3 |
O |
CERT |
N |
|
B |
Certification Flag |
DEFINITION
This qualified generic field specifies:
DFLT |
Default Processing Flag |
Option will be selected by default if no instruction is provided by account owner. |
STIN |
Standing Instruction Indicator |
Account owner has placed a standing order with the account servicer to select this option. |
RCHG |
Redemption Charges Flag |
Whether or not redemption charges apply. |
CERT |
Certification Flag |
Whether or not certification is required from the account owner. |
CODES
Flag must contain one of the following codes (Error code(s): K17):