 Option T |
3!c |
(Type) |
Conditional (see rule C5) in mandatory sequence A
This field identifies the nature of, purpose of and/or reason for all transactions described in sequence B, for example, salaries, pensions or dividends.
The information given is intended both for regulatory and statutory requirements and/or to provide information to the beneficiary customer on the nature of the transaction.
Codes from the EUROSTAT list "Code List for Balance of Payments Collection Systems" may be used in this field.
In case the Receiver of the message is not legally obliged to forward the information to a regulatory body, he is allowed to ignore the content of this field.
