MT545: (67) Field 70a: Narrative
FORMAT
| Option C | :4!c//4*35x | (Qualifier)(Narrative) |
| Option D | :4!c//6*35x | (Qualifier)(Narrative) |
| Option E | :4!c//10*35x | (Qualifier)(Narrative) |
PRESENCE
Optional in mandatory subsequence E1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
DECL |
N |
|
E |
Declaration Details |
2 |
O |
REGI |
N |
|
D |
Registration Details |
3 |
O |
PACO |
N |
|
C |
Party Narrative |
DEFINITION
This qualified generic field specifies:
DECL |
Declaration Details |
Provides declaration details narrative relative to the party. |
PACO |
Party Narrative |
Provides additional information regarding the party, for example, the contact unit or person responsible for the transaction identified in the message. |
REGI |
Registration Details |
Provides information required for the registration. |
USAGE RULES
Unless bilaterally agreed between the Sender and Receiver, narrative field 70a must not contain information that can be provided in a structured field.
Market Practice Rules
Physical settlement:
If registration details of the final beneficiary are needed, those will be mentioned in the concerned (buyer) party sequence in the narrative field with qualifier REGI.
For more details, see the relevant market practice document on www.smpg.info.
