MT504: (12) Field 95a: Party
FORMAT
| 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
Mandatory in mandatory sequence A
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
PTYA |
N |
|
P, Q, or R |
Party A |
2 |
M |
PTYB |
N |
|
P, Q, or R |
Party B |
DEFINITION
This qualified generic field specifies:
PTYA |
Party A |
Party proposing the collateral, that is, the giver. |
PTYB |
Party B |
Counterparty of party A, that is, the taker. |
NETWORK VALIDATED RULES
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 parties can be any type of institution. They can also identify an RTGS or another clearing system.
