MT 101 Field Specifications

14. Field 50a: Instructing Party

FORMAT

Option C	4!a2!a2!c[3!c]	(Identifier Code)
Option L	35x	(Party Identifier)

PRESENCE

Conditional (see rule C4) in mandatory sequence B

DEFINITION

This field identifies the customer which is authorised by the account owner/account servicing institution to order the transactions in this particular occurrence of sequence B.

NETWORK VALIDATED RULES

Identifier Code must be a non-financial institution BIC (Error code(s): T27,T28,T29,T45,E57).

USAGE RULES

This field must only be used when the instructing customer is not also the account owner.