MT 670 Guidelines

If there is additional information pertinent to all the SSIs specified in the message, the optional sequence C Other Details is used to specify this information. If there is additional information pertinent to only one SSI, the optional subsequence B2 Other Details in the same sequence B Standing Settlement Instruction Details as the relevant SSI is used.

In sequence A General Information, field 95Q CONT Contact Person identifies the contact person. This field may also contain information such as a telephone number or e-mail address.

There may only be one trade party (sequence A General Information, field :95a::TRAD) specified in each SSI message. However, this trade party may be identified with both an Identifier Code (95P) and a Name and Address (95Q)

In sequence B1, Cash Parties, if fields 95P and/or 95Q and/or 95R are all present within the same cash parties sequence, then the party represented as a BIC must be the same party as that represented with Name and Address and the same party as that represented with Data Source Scheme (proprietary).

Guidelines for Beneficiary

If sequence B Standing Settlement Instruction Details contains more than one subsequence B1 Cash Parties with :95a::BENM, then each beneficiary identified with :95a::BENM must be a different beneficiary.

Example 1- Example of Recommended Usage

In this message extract, there are two beneficiaries, each in a separate CSHPRTY subsequence. Each of the two beneficiaries is represented with different BICs and it is clear they represent different parties and are correctly specified in separate CSHPRTY subsequences.

Explanation	Format
Start of Block	:16R:SSIDET
Purpose of the SSI	:22H::SSIP//NEWS
Currency of the SSI	:11A::SETT//AUD
Effective Date	:98A::EFFD//20110530
Market Area Indicator	:22F::MARK/ANYY
Start of Block	:16R:CSHPRTY
Account With Institution (also known as receiving agent)	:95P::ACCW//WWYMAU2X
End of Block	:16S:CSHPRTY
Start of Block	:16R:CSHPRTY
Beneficiary (1)	:95P::BENM//PEFIGB22
Cash Account (Beneficiary's account at Account With Institution)	:97A::CASH//11111111
End of Block	:16S:CSHPRTY
Start of Block	:16R:CSHPRTY
Beneficiary (2)	:95P::BENM//BDAPGB22
Cash Account (Beneficiary's account at Account With Institution)	:97A::CASH//22222222
End of Block	:16S:CSHPRTY
End of Block	:16S:SSIDET

Example 2- Example of Wrong Usage

In this message extract, there are two beneficiaries, each in a separate CSHPRTY subsequence. Although one beneficiary is represented as a BIC and the other is represented as a Name and Address, they are the same party and so should be specified within the same CSHPRTY subsequence.

Explanation	Format
Start of Block	:16R:SSIDET
Purpose of the SSI	:22H::SSIP//NEWS
Currency of the SSI	:11A::SETT//AUD
Effective Date	:98A::EFFD//20110530
Market Area Indicator	:22F::MARK/ANYY
Start of Block	:16R:CSHPRTY
Account With Institution (also known as receiving agent)	:95P::ACCW//WWYMAU2X
End of Block	:16S:CSHPRTY
Start of Block	:16R:CSHPRTY
Beneficiary (1)	:95P::BENM//PEFIGB22
Cash Account (Beneficiary's account at Account With Institution)	:97A::CASH//11111111
End of Block	:16S:CSHPRTY
Start of Block	:16R:CSHPRTY
Beneficiary (2)	:95Q::BENM//PEFI LTD 1092 FINSBURY SQUARE GB/LONDON/EC1 5DR
Cash Account (Beneficiary's account at Account With Institution)	:97A::CASH//22222222
End of Block	:16S:CSHPRTY
End of Block	:16S:SSIDET