MT 574 (W8BENO) Field Specifications

26. Field 17B: Flag: Notional Principal Contracts Flag

FORMAT

Option B

:4!c//1!a

(Qualifier) (Flag)

PRESENCE

Mandatory

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	NPCC	N		B	Notional Principal Contracts Flag

DEFINITION

This qualified generic field specifies:

NPCC

Notional Principal Contracts Flag

Flag indicating that the beneficial owner will provide a statement that identifies those notional principal contracts from which the income is not effectively connected with the conduct of a trade or business in the US and that the beneficial owner agrees to update this statement as required.

CODES

Flag must contain the following code (Error code(s): K17):

N	No.
Y	Yes.