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MT 370 Field Specifications

20. Field 22H: Indicator: Receive Pay Indicator

FORMAT

Option H :4!c//4!c (Qualifier)(Indicator)

PRESENCE

Mandatory in mandatory sequence B

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 M RECP N C2, C3 H Receive Pay Indicator

DEFINITION

This qualified generic field specifies:

RECP Receive Pay Indicator Indicates whether the netting amount is to be received or paid by Party A.

CODES

Indicator must contain one of the following codes (Error code(s): K22):

NOPA No Payment Money will not be paid.
PAYO Pay Out Money is to be paid by Party A to Party B.
RECE Receive Money is to be received by Party A and paid by Party B.