Beneficiary

Field 1.13 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: Yes>

Status: Best Practice Finalised, Last Updated: 26/04/2021

Field 1.13 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: Yes

Description:
If the beneficiary of the contract is not a counterparty to this contract, the reporting counterparty has to identify this beneficiary by a unique code or, in case of a private individual, by a client code used in a consistent manner as assigned by the legal entity used by the private individual.

Best Practice:
Where the beneficiary of the contract is not a counterparty to this contract, this field shall contain a valid LEI recognised by GLEIF. The LEI shall pertain to a legal entity and not a branch.

The status of the LEI for all message templates, can be either: