MT506: (59) Field 22H: Indicator: Collateral Type Indicator
FORMAT
| Option H | :4!c//4!c | (Qualifier)(Indicator) |
PRESENCE
Mandatory in conditional (see rule C11) sequence D
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
COLL |
N |
C4 |
H |
Collateral Type Indicator |
DEFINITION
This qualified generic field specifies:
COLL |
Collateral Type Indicator |
Specifies the type of collateral used. |
CODES
Indicator must contain one of the following codes:
BCOL |
Other Collateral |
Either a Bank Guarantee or Letter of Credit. |
CCOL |
Cash Collateral |
Collateral is cash. |
SCOL |
Securities Collateral |
Collateral is securities. |
