InstgAgt / InstdAgt

ISO 20022 agent-chain elements, interbank settlement of pacs messages.

Definition

InstgAgt is the agent sending the message; InstdAgt the one receiving it, for one link in the chain only. At each relay the pair is rewritten, whereas DbtrAgt and CdtrAgt stay fixed end to end. Both contain a FinInstnId (BICFI or ClrSysMmbId) and structure the routing of pacs messages.

Origin

Defined in the ISO 20022 Payments Clearing and Settlement Message Definition Report (ISO TC 68/SC 9), Registration Authority SWIFT; usage rules in the CBPR+ and HVPS+ guidelines.

Example in context

<InstgAgt><FinInstnId><BICFI>BNPAFRPP</BICFI></FinInstnId></InstgAgt><InstdAgt><FinInstnId><BICFI>DEUTDEFF</BICFI></FinInstnId></InstdAgt>

Related terms

• IntrmyAgt1 — intermediary agent in the same correspondent-banking chain.
• pacs.008 — message where InstgAgt/InstdAgt carry each hop.