MT 620 Field Specifications
14. Field 17R: Party A's Role
FORMAT
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. |