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):

N No
Y Yes