MT505: (26) Field 17B: Flag: Ownership Flag
FORMAT
| Option B | :4!c//1!a | (Qualifier)(Flag) |
PRESENCE
Optional in conditional (see rule C3) subsequence B1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
OWNF |
N |
|
B |
Ownership Flag |
DEFINITION
This qualified generic field specifies:
OWNF |
Ownership Flag |
Indicates whether the collateral giver owns the claimed collateral. |
CODES
Flag must contain one of the following codes:
N |
No |
The collateral giver doesn't own the collateral. |
Y |
Yes |
The collateral giver owns the collateral. |
USAGE RULES
The bilateral agreement must include whether the ownership flag is part of the eligibility criteria. If it is part of the eligibility criteria, the ownership flag must be present, otherwise it is not needed.
