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MT 103 Field Specifications

17. 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

DEFINITION

This field specifies the customer which will be paid.

CODES

Account may contain one of the following codes, preceded by a double slash '//':

CH 6!n CHIPS Universal Identifier

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

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

In option F, for subfields (Number)(Name and Address Details):

USAGE RULES

At least the name or the 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.

If the account number of the beneficiary customer is known, it must be stated in Account.

In option F:

EXAMPLE

No letter option

:59:/BE62510007547061
JOHANN WILLEMS
RUE JOSEPH II, 19
1040 BRUSSELS

Option F - Example 1

:59F:/BE30001216371411
1/MARK PHILIPS
2/HOOGSTRAAT 6, APT 6C
3/BE/BRUSSELS

Option F - Example 2

:59F:/12345678
1/DEPT OF PROMOTION OF SPICY FISH
1/CENTER FOR INTERNATIONALISATION
1/OF COMMERCE AND BUSINESS
3/CN

Option F - Example 3

:59F:1/JOHN SIMONS
2/3658 WITMER ROAD
3/US/POUGHKEEPSIE, NEW YORK 12602
3/DUTCHESS