MT 566 Field Specifications

78. 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)
Option S	:4!c/[8c]/4!c/2!a/30x	(Qualifier) (Data Source Scheme) (Type of ID) (Country Code) (Alternate ID)

PRESENCE

Mandatory in an optional sequence

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	ACCW	N		P, Q, R	Account With Institution
	or	BENM	N		P, Q, R	Beneficiary of Money
	or	CLAM	N		P, Q, R	Market Claim Counterpart
2	O	ALTE	N		S	Alternate Identification

DEFINITION

This qualified generic field specifies:

ACCW	Account With Institution	Financial institution that services the cash account of the beneficiary customer, if other that the Receiver.
ACCW	Account With Institution	Identifies the institution to which the payment has been made in favour of the beneficiary of money, if different from the Sender. This may be a branch or affiliate of the Sender, or of the intermediary, or of the beneficiary institution, or an entirely different financial institution.
ALTE	Alternate Identification	Alternate identification for the party specified in this sequence.
BENM	Beneficiary of Money	Identifies the party credited with the payment, when payment has been made to an institution different from the Sender and identified as account with institution.
CLAM	Market Claim Counterpart	Party that has reimbursed the account owner with funds to which they were legally entitled.

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.
CHTY	Tax Exempt Identification Number	Tax exempt identification number, ie, charity in UK.
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).

If Qualifier is ACCW, the The BIC must not be a BEI. Please refer to the latest version of the BIC Directory - Corporations for more information on BEIs. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs, non-SWIFT BICs, Masters, Synonyms, Live destinations and Test & Training destinations. (Error code(s): C05).

Proprietary code (Format Option R), Alternate ID (Format Option S) 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).