MT 104 Field Specifications

21. Field 50a: Creditor

FORMAT

Option A	[/34x] 4!a2!a2!c[3!c]	(Account) (Identifier Code)
Option K	[/34x] 4*35x	(Party Identifier) (Name and Address)

PRESENCE

Conditional (see rules C2, C4, and C12) in mandatory sequence B

DEFINITION

This field specifies the creditor whose account is to be credited with the direct debit transaction in this particular occurrence of sequence B.

NETWORK VALIDATED RULES

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

USAGE RULES

At a minimum, the name or BIC of the creditor must be specified.