MT516: (12) Field 87a: Receiver/Deliverer of Securities
FORMAT
| Option A | [/1!a][/34x] 4!a2!a2!c[3!c] |
(Party Identifier) (Identifier Code) |
| Option D | [/1!a][/34x] 4*35x |
(Party Identifier) (Name and Address) |
PRESENCE
Conditional (see rule C2) in mandatory sequence A
DEFINITION
This field identifies the receiver or deliverer of securities on loan.
NETWORK VALIDATED RULES
Identifier Code must be a registered BIC.
USAGE RULES
When field 23 contains BORROW, this field identifies either where the Sender wishes the securities to be received, that is, field 23 consists of BORROW/NEWLON, or where the Sender will deliver the securities, that is, field 23 consists of BORROW/RETURN or BORROW/RECALL, when different from the Receiver.
When field 23 contains LENDER, this field identifies either from where the Sender will deliver the securities, that is, field 23 consists of LENDER/NEWLON, or where the Sender wishes to receive the securities, that is, field 23 consists of LENDER/RECALL or LENDER/RETURN, when different from the Receiver.
