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MT 304 Field Specifications

8. Field 17N: Net Settlement Indicator

FORMAT

Option N 1!a (Indicator)

PRESENCE

Conditional (see rule C2) in mandatory sequence A

DEFINITION

This field specifies whether the total amount is settled net or gross.

CODES

Indicator must contain one of the following codes (Error code(s): T36):

N Gross settlement of an FCC
Y Net settlement of an FCC