Field K2-2RequiredAccount Information

    Metro 2 Field K2-2: K2 Purchased/Sold Indicator

    Single-character code stating whether the named party is who the account was purchased from or sold to.

    Quick Reference

    Field Number:K2-2
    Position:3-3
    Length:1 characters
    Type:code
    Record:K2 Segment
    Required:Yes

    Allowed Values

    ValueMeaning
    1Purchased from
    2Sold to

    Validation Rules

    • Must be 1 or 2 on a populated K2 segment

    Examples

    12

    Common Errors

    • Omitting the indicator so the direction of transfer is ambiguous

    Tips & Best Practices

    • 1 = you bought it; 2 = you sold it

    Related Fields

    K2-3
    K2 Purchased/Sold Name
    The name of the party the account was purchased from or sold...
    K2-1
    K2 Segment Identifier
    Constant value identifying the appended segment as a K2 (Pur...

    Other Account Information

    17AAccount Status27Terms Duration28Terms Frequency15Account Type14Portfolio Type10ECOA Code

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    K2 Purchased/Sold Indicator - Metro 2 Field K2-2