 Option A |
[/1!a][/34x]4!a2!a2!c[3!c] |
(Party Identifier)(Identifier Code) |
| Option D |
[/1!a][/34x]4*35x |
(Party Identifier)(Name and Address) |
| Option J |
5*40x |
(Party Identification) |
Mandatory in mandatory subsequence B2
This field identifies the financial institution and account where the payee will receive the amount sold.
In option D, one of the following codes may be used in Name and Address:
| NET |
When net settlement takes place |
| NONE |
When no settlement is taking place |
| SSI |
When standing settlement instructions apply |
| UNKNOWN |
When the settlement instructions are not known |
In option J, Party Identification must be specified as a list of pairs (Code)(Value) and the following codes and format must be used (Error code(s): T78).
Note that optional codes are surrounded by square brackets ('[' and ']') which are not part of the syntax.
The codes must be placed between slashes ('/').
| ABIC |
4!a2!a2!c[3!c] or 4!a |
Identifier Code or 'UKWN' if BIC not known |
| [ACCT] |
34x |
Account number (optional) |
| [ADD1] |
35x |
First line of the address (optional) |
| [ADD2] |
35x |
Second line of the address (optional) |
| [CITY] |
35x |
City, possibly followed by state and country (optional) |
| [CLRC] |
35x |
Clearing code (optional) |
| [GBSC] |
6!n |
UK domestic sort code (optional) |
| NAME |
34x |
Party's name |
| [USCH] |
6!n |
CHIPS UID (optional) |
| [USFW] |
9!n |
FedWire Routing Number (optional) |
In option J, an alternative is to specify Party Identification as the following code (Error code(s): T78):
The code must be placed between slashes ('/').
| NETS |
Payment flows are netted based on a bilateral agreement |
In option J, an alternative is to specify Party Identification as the following code (Error code(s): T78):
The code must be placed between slashes ('/').
| SSIS |
Standing settlement instructions are used |
Identifier Code must be a registered financial institution BIC (Error code(s): T27,T28,T29,T45).
Identifier Code must be a financial institution BIC. This error code applies to all types of BICs referenced in a FIN message including connected BICs, non-connected BICs, Masters, Synonyms, Live destinations and Test & Training destinations (Error code(s): C05).
When an MT 202 is sent by the receiver of the MT 304 to settle the contract, the party identification fields 56a, 57a and 58a of subsequence B2 of the MT 304 directly map onto the same fields in the MT 202. The account number indicated in the party identification fields 56a and 57a of the MT 304 is owned by the party indicated in the same field.
