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MT 549 Field Specifications

24. Field 95a: Party

FORMAT

Option P :4!c//4!a2!a2!c[3!c] (Qualifier)(Identifier Code)
Option Q :4!c//4*35x (Qualifier)(Name and Address)
Option R :4!c/8c/34x (Qualifier)(Data Source Scheme)(Proprietary Code)

PRESENCE

Optional in optional sequence D

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O MEOR N   P, Q, or R Originator of Message
2 O MERE N   P, Q, or R Recipient of Message

DEFINITION

This qualified generic field specifies:

MEOR Originator of Message Party that originated the message, if other than the Sender.
MERE Recipient of Message Party that is the final destination of the message, if other than the Receiver.

In option P, Identifier Code specifies a BIC. For more details, see the Standards MT General Information.

In option R, Proprietary Code specifies a local national code or market segment code identifying the party.

NETWORK VALIDATED RULES

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

Proprietary code (Format Option R) and Name and Address (Format Option Q) must not start or end with a slash '/' and must not contain two consecutive slashes '//'. For field formats with more than 1 line, the rule applies for each line (Error code(s): T26).