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ISO 15022
Data Field Dictionary

MT540: (69) Field 70a: Narrative

FORMAT

Option C :4!c//4*35x (Qualifier)(Narrative)
Option D :4!c//6*35x (Qualifier)(Narrative)
Option E :4!c//10*35x (Qualifier)(Narrative)

PRESENCE

Optional in mandatory subsequence E1

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

DECL

N

 

E

Declaration Details

2

O

REGI

N

 

D

Registration Details

3

O

PACO

N

 

C

Party Narrative

DEFINITION

This qualified generic field specifies:

DECL

Declaration Details

Provides declaration details narrative relative to the party.

PACO

Party Narrative

Provides additional information regarding the party, for example, the contact unit or person responsible for the transaction identified in the message.

REGI

Registration Details

Provides information required for the registration.

USAGE RULES

Unless bilaterally agreed between the Sender and Receiver, narrative field 70a must not contain information that can be provided in a structured field.

Market Practice Rules

  • 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.