MT548: (100) Field 95a: Party
FORMAT
| Option C | :4!c//2!a | (Qualifier)(Country Code) |
| Option L | :4!c//18!c2!n | (Qualifier)(Legal Entity Identifier) |
| 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
Optional in optional sequence D
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
MEOR |
N |
C11 |
P, Q, or R |
Originator of Message |
2 |
O |
MERE |
N |
C11 |
P, Q, or R |
Recipient of Message |
3 |
O |
INVE |
N |
|
C, P, Q, or R |
Investor |
4 |
O |
QFIN |
N |
|
P, Q, or R |
Qualified Foreign Intermediary |
5 |
O |
ALTE |
N |
C11 |
L |
Alternate Identification |
DEFINITION
This qualified generic field specifies:
ALTE |
Alternate Identification |
Alternate identification for a party. |
INVE |
Investor |
Instructing party, either an individual or organisation, whose assets are being invested. |
MEOR |
Originator of Message |
Party that originated the message, if other than the Sender. |
MERE |
Recipient of Message |
Party that is the final destination of the message, if other than the Receiver. |
QFIN |
Qualified Foreign Intermediary |
Foreign financial institution that has been authorized by local authorities to act as account management institution in the country. |
NETWORK VALIDATED RULES
Country Code must be a valid ISO country code.
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.
The qualifier INVE is to be used only when the investor cannot be a trade counterparty for legal reasons, for example, in Japan where the trust bank arranges the deal with the broker.
When INVE is used with option C, the country code specifies the nationality of the investor, for the settlement of certain securities (that is airlines, defence manufacturers) under the EU legislation.
