MT370: (20) Field 22H: Indicator: Receive Pay Indicator
FORMAT
| Option H | :4!c//4!c | (Qualifier)(Indicator) |
PRESENCE
Mandatory in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
RECP |
N |
C2, C3 |
H |
Receive Pay Indicator |
DEFINITION
This qualified generic field specifies:
RECP |
Receive Pay Indicator |
Indicates whether the netting amount is to be received or paid by Party A. |
CODES
Indicator must contain one of the following codes:
NOPA |
No Payment |
Money will not be paid. |
PAYO |
Pay Out |
Money is to be paid by Party A to Party B. |
RECE |
Receive |
Money is to be received by Party A and paid by Party B. |
