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MT 543 Field Specifications

42. Field 95a: Party

FORMAT

Option L :4!c//18!c2!n (Qualifier)(Legal Entity Identifier)
Option P :4!c//4!a2!a2!c[3!c] (Qualifier)(Identifier Code)
Option R :4!c/8c/34x (Qualifier)(Data Source Scheme)(Proprietary Code)

PRESENCE

Optional in mandatory sequence C

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O ACOW N C17 P or R Account Owner
2 O ALTE N   L Alternate ID

DEFINITION

This qualified generic field specifies:

ACOW Account Owner Party that owns the account.
ALTE Alternate ID Alternate identification for a party.

In option P, Identifier Code specifies a BIC. For more details, see the Standards MT General Information.

In option R, Proprietary Code specifies a local national code or market segment code identifying the party.

NETWORK VALIDATED RULES

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

Proprietary code (Format Option R) must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).