MT 586 Field Specifications

80. 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)
Option C	:4!c//2!a	(Qualifier) (Country Code)

PRESENCE

Optional

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	INVE	N		C, P, Q, R	Investor
2	O	MEOR	N		P, Q, R	Originator of Message
3	O	MERE	N		P, Q, R	Recipient of Message
4	O	EXCH	N		P, Q, R	Stock Exchange
5	O	TRRE	N		P, Q, R	Trade Regulator
6	O	ALTE	N		S	Alternate Identification
7	O	TRAG	N		P, Q, R	Triparty 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.
INVE	Investor	Party, either an individual or organisation, whose assets are being invested.
INVE	Investor	Party identified as the investor.
EXCH	Stock Exchange	Stock exchange.
TRRE	Trade Regulator	Trade regulator.
ALTE	Alternate Identification	Alternate identification for the party specified in this sequence.
TRAG	Triparty Agent	The receiver of the repo instruction.

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, i.e. charity in the 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

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), 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).

USAGE RULES

The qualifier INVE is to be used only when the investor cannot be a trade counterparty for legal reasons, eg, in Japan where the trust bank arranges the deal with the broker.

When INVE is used with option C, the country code specifies the nationality of the investor, for the settlement of certain securities (i.e. airlines, defence manufacturers) under the EU legislation.