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MT 207 Field Specifications

4. Field 30: Requested Execution Date

FORMAT

6!n (Date)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field specifies the date on which all subsequent transactions should be initiated by the executing bank.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYMMDD (Error code(s): T50).

USAGE RULES

This is the date on which the ordering institution's account is to be debited.