MT 564 Field Specifications

95. Field 95a: Party

FORMAT

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)

PRESENCE

Optional

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	MEOR	N		P, Q, R	Originator of Message
2	O	MERE	N		P, Q, R	Recipient of Message
3	O	ISAG	R		P, Q, R	Issuer Agent
4	O	PAYA	R		P, Q, R	Paying Agent

DEFINITION

This qualified generic field specifies:

MEOR	Originator of Message	Party which originated the message if other than the Sender, eg, the originator may not have access to a network, and therefore must use a Sender to transmit a message.
MERE	Recipient of Message	Party which is the final destination of the message, if different from the Receiver, eg, when the message is being sent as a copy, this field may show the original receiver.
ISAG	Exchange Agent	Party The Exchange agent appointed to administer the corporate action event on behalf of the issuer company/offeror. The party may be contacted for more information about the event.
PAYA	Paying Agent	Agent appointed to execute the payment for the corporate action event on behalf of the issuer company/offeror.

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

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

NETWORK VALIDATED RULES

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) 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

Qualifier ISAG should be used only in the communication between a CSD and local custodians.