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MT 101 Field Specifications

8. Field 30: Requested Execution Date

FORMAT

6!n (Date)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field specifies the date on which all subsequent transactions should be initiated by the executing bank.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

USAGE RULES

This is the date on which the ordering customer's account(s) is (are) to be debited.