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MT 767 Field Specifications

18. Field 59a: Beneficiary

FORMAT

No letter option [/34x]
4*35x
(Account)
(Name and Address)
Option A [/34x]
4!a2!a2!c[3!c]
(Account)
(Identifier Code)

PRESENCE

Optional in mandatory sequence B

DEFINITION

This field specifies the beneficiary of the undertaking, if it has changed.

NETWORK VALIDATED RULES

Identifier Code must be a registered BIC (Error code(s): T27,T28,T29,T45).