MT503: (42) Field 22H: Indicator: Type of Other Collateral Indicator
FORMAT
| Option H | :4!c//4!c | (Qualifier)(Indicator) |
PRESENCE
Mandatory in conditional (see rule C4) subsequence C3
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
BCOL |
N |
C6 |
H |
Type of Other Collateral Indicator |
DEFINITION
This qualified generic field specifies:
BCOL |
Type of Other Collateral Indicator |
Specifies whether the other collateral is a bank guarantee or a documentary credit. |
CODES
Indicator must contain one of the following codes:
GCOL |
Bank Guarantee |
Collateral is a bank guarantee. |
LCOL |
Documentary Credit |
Collateral is a documentary credit. |
