MT505: (20) Field 20C: Reference: Collateral Reference
FORMAT
| Option C | :4!c//16x | (Qualifier)(Reference) |
PRESENCE
Mandatory in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
COLR |
N |
|
C |
Collateral Reference |
DEFINITION
This qualified generic field specifies:
COLR |
Collateral Reference |
Reference assigned by the giver to unambiguously identify the piece of collateral. |
NETWORK VALIDATED RULES
Reference must not start or end with a slash '/' and must not contain two consecutive slashes '//'.
USAGE RULES
For Letters of Credit, Collateral Reference is the Documentary Credit Number.
