Skip to main content
Header logo

ISO 15022
Data Field Dictionary

MT506: (13) Field 95a: Party

FORMAT

Option P :4!c//4!a2!a2!c[3!c] (Qualifier)(Identifier Code)
Option Q :4!c//4*35x (Qualifier)(Name and Address)
Option R :4!c/8c/34x (Qualifier)(Data Source Scheme)(Proprietary Code)

PRESENCE

Mandatory in mandatory sequence A

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

PTYA

N

 

P, Q, or R

Party A

2

M

PTYB

N

 

P, Q, or R

Party B

DEFINITION

This qualified generic field specifies:

PTYA

Party A

Party who issued the statement or the party on whose behalf the statement is sent.

PTYB

Party B

Counterparty of party A.

NETWORK VALIDATED RULES

Identifier Code must be a registered BIC.

Proprietary code (Format Option R) and Name and Address (Format Option Q) must not start or end with a slash '/' and must not contain two consecutive slashes '//'. For field formats with more than 1 line, the rule applies for each line.

USAGE RULES

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