MT321: (18) Field 94C: Payment Clearing Centre: Country
FORMAT
| Option C | :4!c//2!a | (Qualifier)(Country Code) |
PRESENCE
Optional in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
COUN |
N |
|
C |
Country |
DEFINITION
This qualified generic field specifies:
COUN |
Country |
Specifies the place of clearing for offshore currency trades. |
NETWORK VALIDATED RULES
Country Code must be a valid ISO country code.
USAGE RULES
This field is used to designate the clearing centre for offshore currency trades. It must not be used for trades that settle onshore.
EXAMPLE
For an offshore CNY trade that clears in Hong Kong (also known as CNH):
:94C::COUN//HK
