diff --git a/src/main/java/com/solab/iso8583/IsoValue.java b/src/main/java/com/solab/iso8583/IsoValue.java
index 3fed509..4e57de9 100644
--- a/src/main/java/com/solab/iso8583/IsoValue.java
+++ b/src/main/java/com/solab/iso8583/IsoValue.java
@@ -277,7 +277,7 @@ public class IsoValue<T> implements Cloneable {
         }
         if (binary) {
             if (digits == 4) {
-                outs.write((((l % 1000) / 100) << 4) | ((l % 1000)/100));
+                outs.write((((l % 10000) / 1000) << 4) | ((l % 1000)/100));
             } else if (digits == 3) {
                 outs.write(l / 100); //00 to 09 automatically in BCD
             }
diff --git a/src/main/java/com/solab/iso8583/parse/LlllvarParseInfo.java b/src/main/java/com/solab/iso8583/parse/LlllvarParseInfo.java
index 0e415c4..17339cb 100644
--- a/src/main/java/com/solab/iso8583/parse/LlllvarParseInfo.java
+++ b/src/main/java/com/solab/iso8583/parse/LlllvarParseInfo.java
@@ -74,7 +74,7 @@ public class LlllvarParseInfo  extends FieldParseInfo {
                     "Insufficient data for bin LLLLVAR header, field %d pos %d",
 					field, pos), pos);
 		}
-        final int len = ((buf[pos] & 0xf0) * 1000) + ((buf[pos] & 0x0f) * 100)
+        final int len = (((buf[pos] & 0xf0) >> 4) * 1000) + ((buf[pos] & 0x0f) * 100)
                 + (((buf[pos + 1] & 0xf0) >> 4) * 10) + (buf[pos + 1] & 0x0f);
 		if (len < 0) {
 			throw new ParseException(String.format(
diff --git a/src/test/java/com/solab/iso8583/TestLlllPatch.java b/src/test/java/com/solab/iso8583/TestLlllPatch.java
new file mode 100644
index 0000000..76541b4
--- /dev/null
+++ b/src/test/java/com/solab/iso8583/TestLlllPatch.java
@@ -0,0 +1,93 @@
+package com.solab.iso8583;
+
+import org.junit.Assert;
+import org.junit.Before;
+import org.junit.Test;
+
+import java.io.*;
+
+/**
+ * Extended test for LLLLVar field
+ *
+ * @author Peter Margetiak
+ */
+public class TestLlllPatch {
+
+    private MessageFactory<IsoMessage> mfact = new MessageFactory<>();
+
+    @Before
+    public void setup() throws IOException {
+        mfact.setConfigPath("issue50.xml");
+        mfact.setAssignDate(false);
+    }
+
+    @Test
+    public void testParsingLength() throws Exception {
+        final int LENGTH = 1234;
+
+        // prepare
+        String LLLLVar = makeLLLLVar(LENGTH);
+        StringBuilder LLLLVarBuilder = new StringBuilder();
+        LLLLVarBuilder.append("01004000000000000000")
+                .append(String.format("%04d", LENGTH)).append(LLLLVar);
+
+        // parse
+        IsoMessage m = mfact.parseMessage(LLLLVarBuilder.toString().getBytes(), 0);
+        Assert.assertNotNull(m);
+        Assert.assertEquals(LLLLVar, m.getObjectValue(2));
+    }
+
+    @Test
+    public void testSerialiseParseSmall() throws Exception {
+        testSerialiseParse(88);
+    }
+
+    @Test
+    public void testSerialiseParseMedium() throws Exception {
+        testSerialiseParse(258);
+    }
+
+    @Test
+    public void testSerialiseParseLarge() throws Exception {
+        testSerialiseParse(9919);
+    }
+
+    private void testSerialiseParse(final int LENGTH) throws Exception {
+        // prepare
+        String LLLLVar = makeLLLLVar(LENGTH);
+        IsoMessage m = mfact.newMessage(0x100);
+        m.setValue(2, LLLLVar, IsoType.LLLLVAR, 0);
+        m.setBinary(true);
+
+        // write
+        ByteArrayOutputStream bout = new ByteArrayOutputStream();
+        m.write(bout, 2);
+        bout.close();
+
+        // read
+        byte[] buf = new byte[2];
+        ByteArrayInputStream bin = new ByteArrayInputStream(bout.toByteArray());
+        bin.read(buf);
+        Assert.assertNotEquals(buf, new byte[2]);
+
+        int len = ((buf[0] & 0xff) << 8) | (buf[1] & 0xff);
+        buf = new byte[len];
+        bin.read(buf);
+        bin.close();
+
+        // parse
+        mfact.setUseBinaryMessages(true);
+        m = mfact.parseMessage(buf, mfact.getIsoHeader(0x100).length());
+        Assert.assertNotNull(m);
+        Assert.assertEquals(LLLLVar, m.getObjectValue(2));
+    }
+
+    private String makeLLLLVar(final int length) {
+        final StringBuilder sb = new StringBuilder();
+        for (int i = 0; i < length; i++) {
+            sb.append("a");
+        }
+
+        return sb.toString();
+    }
+}
diff --git a/src/test/resources/issue50.xml b/src/test/resources/issue50.xml
new file mode 100644
index 0000000..c97c871
--- /dev/null
+++ b/src/test/resources/issue50.xml
@@ -0,0 +1,7 @@
+<?xml version="1.0" encoding="UTF-8"?>
+<j8583-config>
+    <header type="100">ISO999999999</header>
+    <parse type="100">
+        <field num="2" type="LLLLVAR" />
+    </parse>
+</j8583-config>
\ No newline at end of file