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MT 559 Field Specifications

3. Field 53a: Account for Payment

FORMAT

Option A [/1!a][/34x]
4!a2!a2!c[3!c]
(Party Identifier)
(Identifier Code)
Option C /34x (Account)
Option D [/1!a][/34x]
4*35x
(Party Identifier)
(Name and Address)

PRESENCE

Conditional (see rule C3)

DEFINITION

This field identifies the name and/or the account of the Sender, serviced by the Receiver, which is to be credited with the amount claimed.

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

NETWORK VALIDATED RULES

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