SWIFTStandards FIN - Category 5 - MT 565

MT 565 Field Specifications

30. 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 S	:4!c/[8c]/4!c/2!a/30x	(Qualifier) (Data Source Scheme) (Type of ID) (Country Code) (Alternate ID)
Option V	:4!c//10*35x	(Qualifier) (Name & Address)

PRESENCE

Mandatory in an optional sequence

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	OWND	N		P, R, V	Beneficial Owners' ID
2	O	ALTE	R		S	Alternate Identification

DEFINITION

This qualified generic field specifies:

ALTE	Alternate Identification	Alternate identification for the party specified in this sequence.
OWND	Beneficial Owners' ID	Identification of the beneficial owner of the specified quantity of securities.

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.

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.
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), ~~and~~ Alternate ID (Format Option S) and Name & Address (Format Option V) 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).