| ISO20022

MT578: (77) Field 95a: Party

FORMAT

Option C	:4!c//2!a	(Qualifier)(Country Code)
Option L	:4!c//18!c2!n	(Qualifier)(Legal Entity Identifier)
Option P	:4!c//4!a2!a2!c[3!c]	(Qualifier)(Identifier Code)
Option Q	:4!c//4*35x	(Qualifier)(Name and Address)
Option R	:4!c/8c/34x	(Qualifier)(Data Source Scheme)(Proprietary Code)

PRESENCE

Optional in optional sequence F

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	INVE	N		C, P, Q, or R	Investor
2	O	MEOR	N	C12	P, Q, or R	Originator of Message
3	O	MERE	N	C12	P, Q, or R	Recipient of Message
4	O	EXCH	N		P, Q, or R	Stock Exchange
5	O	TRRE	N		P, Q, or R	Trade Regulator
6	O	TRAG	N		P, Q, or R	Triparty Agent
7	O	QFIN	N		P, Q, or R	Qualified Foreign Intermediary
8	O	ALTE	N	C12	L	Alternate Identification

DEFINITION

This qualified generic field specifies:

ALTE	Alternate Identification	Alternate identification for a party.
EXCH	Stock Exchange	Party that identifies the stock exchange.
INVE	Investor	Instructing party, either an individual or organisation, whose assets are being invested.
MEOR	Originator of Message	Party that originated the message, if other than the Sender.
MERE	Recipient of Message	Party that is the final destination of the message, if other than the Receiver.
QFIN	Qualified Foreign Intermediary	Foreign financial institution that has been authorized by local authorities to act as account management institution in the country.
TRAG	Triparty Agent	Party that handles tri-party transactions.
TRRE	Trade Regulator	Party that identifies the trade regulator.

NETWORK VALIDATED RULES

Country Code must be a valid ISO country code.

Identifier Code must be a registered BIC.

Proprietary code (Format Option R), Alternate ID (Format Option S) and Name and Address (Format Option Q) must not start or end with a slash '/' and must not contain two consecutive slashes '//'. For field formats with more than 1 line, the rule applies for each line.

USAGE RULES

In option R, Proprietary Code specifies a local national code or market segment code identifying the party.

In option C, Country Code specifies the country for which the alternate identification is relevant.

The qualifier INVE is to be used only when the investor cannot be a trade counterparty for legal reasons, for example, in Japan where the trust bank arranges the deal with the broker.

When INVE is used with option C, the country code specifies the nationality of the investor, for the settlement of certain securities (that is airlines, defence manufacturers) under the EU legislation.