MT 102 STP Field Specifications

14. Field 59a: Beneficiary Customer

FORMAT

No letter option	[/34x] 4*35x	(Account) (Name and Address)
Option A	[/34x] 4!a2!a2!c[3!c]	(Account) (Identifier Code)
Option F	[/34x] 4*(1!n/33x)	(Account) (Number)/(Name and Address Details)

PRESENCE

Mandatory in mandatory sequence B

DEFINITION

This field specifies the customer to which the transaction amount should be transmitted.

CODES

In option F, Number must contain one of the following values (Error code(s): T56):

1	Name of the Beneficiary Customer	The number followed by a slash, '/' must be followed by the name of the beneficiary customer.
2	Address Line	The number followed by a slash, '/' must be followed by an Address Line (Address Line can be used to provide for example, street name and number, building name or post office box number).
3	Country and Town	The first occurrence of number 3 must be followed by a slash, '/', the ISO country code, and optionally a slash '/' followed by additional details. Other occurrence(s) of number 3 must be followed by a slash '/' and the continuation of additional details. Additional details can contain Town, which can be complemented by postal code (for example zip) and country subdivision (for example, state, province, or county). It is preferred that the country code and town indicate the country and town of residence, as provided by the ordering customer.

NETWORK VALIDATED RULES

Account must be present (Error code(s): E10).

Identifier Code must be a registered BIC (Error code(s): T27,T28,T29,T45).

If an IBAN must be present in Account (C11), the IBAN must be a valid IBAN (ISO 13616) (Error code(s): D19,T73).

USAGE RULES

At least the name or the non-financial institution BIC of the beneficiary customer is mandatory.

If a non-financial institution BIC is specified, it must be meaningful for the financial institution that services the account for the beneficiary customer.