MT 340 Field Specifications

43. Field 88a: Broker Identification

FORMAT

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)

PRESENCE

Conditional (see rules C9 and C10) in conditional (see rules C4, C5, C6, C7, and C9) sequence E

DEFINITION

This field identifies the broker who arranged the deal between party A and party B or, when two money brokers are involved, between party A and the other money broker.

For matching purposes, option A must be used when available.

NETWORK VALIDATED RULES

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

USAGE RULES

This field is only used to identify voice brokers. Electronic brokerage systems must be identified in field 24D Dealing Method.