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ISO 15022
Data Field Dictionary

MT516: (23) Field 87a: Receiver/Deliverer of Securities

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

Optional in optional sequence B

DEFINITION

This field identifies the financial institution which will receive securities used as collateral.

NETWORK VALIDATED RULES

Identifier Code must be a registered BIC.

USAGE RULES

When field 23 contains NEWLON, this field identifies the financial institution which will receive securities used as collateral, on behalf of the lender of the securities on loan.

When field 23 contains RETURN or RECALL, this field identifies the financial institution which will receive securities used as collateral, on behalf of the borrower of the securities on loan.

This field may only be present in those cases where the collateral is in the form of securities, for example, field 26H contains SECUCOLL, OTHECOLL or EXISTING.

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