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MT 620 Field Specifications

14. Field 17R: Party A's Role

FORMAT

Option R 1!a (Indicator)

PRESENCE

Mandatory in mandatory sequence B

DEFINITION

This field specifies whether party A is the borrower or the lender.

CODES

Indicator must contain one of the following codes (Error code(s): T67):

B Borrower: party A receives the principal amount and pays the interest.
L Lender: party A pays the principal amount and receives the interest.