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Optional in mandatory subsequence E1
(Error code(s): T89)
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This qualified generic field specifies:
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Unless bilaterally agreed between the Sender and Receiver, narrative field 70a must not contain information that can be provided in a structured field.
Physical settlement:
If registration details of the final beneficiary are needed, those will be mentioned in the concerned (buyer) party sequence in the narrative field with qualifier REGI.
For more details, see the relevant market practice document on www.smpg.info.