What are the fields in a SWIFT message?
13.2. 1 MT202 (General Financial Institution Transfer)
| Field in SWIFT | Description | Field in Oracle FLEXCUBE |
|---|---|---|
| 53a | Sender’s Correspondent | BIC Code , Address1 |
| 54a | Receiver’s Correspondent | Receiver’s Correspondent 1 to 5 |
| 56a | Intermediary | Intermediary 1 to 5 |
| 57a | Account With Institution | Account With Institution 1 to 5 |
What is Field 56 in a SWIFT message?
As per SWIFT standards, the account number is to be in IBAN (International Bank Account Number) format or in BBAN format (for domestic payments)….MT103 fields.
| Tag | Name |
|---|---|
| 56A, C or D | Intermediary Institution (bank) |
| 57A, B, C or D | Account With Institution (beneficiary’s bank) |
| 59 or 59A | Beneficiary Customer 4×35 |
What is Field 50 in a SWIFT message?
Use of field 50a, Ordering Customer Only Field 50a is to be used for ordering customer information. Ordering customer information should not be included in Fields 20, 52a, 70 or 72. If the account number of the ordering customer is present, it must be stated in the account line, preceded by a slash.
What is Field 52 in a swift message?
The ordering institution (Tag 52D) is provided in the MT103 SWIFT Message. This means the ordering customer is not customer of the Sender.
What is field 77B in MT103?
:77B::Regulatory reporting Use this field to specify statutory and/or regulatory information required by the authorities in the country of the sender or receiver.
What is field 58A in MT202?
Account with Institution (Beneficiary’s Bank) :58A.
What is field 52D in MT103?
What is field 52D in Swift?
What is Field 53a?
DEFINITION. This field specifies the name of the bank which has been authorised by the Sender to reimburse drawings under the documentary credit. This may be a branch of the Sender or the Receiver, or an entirely different bank.
What does the field 59 mean in a documentary credit?
This field indicates the party in favour of which the documentary credit is being issued. What is Field 59: Beneficiary? Field 59: Beneficiary is a field in MT 700 swift message type that is used to specify the party in favour of which the documentary credit is being issued.
How many blocks are in a SWIFT message?
Specification of SWIFT MT. SWIFT messages consist of five blocks of the data including three headers, message content, and a trailer. Message types are crucial to identifying content.
What do the numbers in a SWIFT message mean?
All SWIFT messages include the literal “MT” (Message Type). This is followed by a three-digit number that denotes the message category, group and type. Consider the example MT103: The first digit (1) represents the category.
What are the different types of SWIFT messages?
SWIFT messages consist of five blocks of the data including three headers, message content, and a trailer. Message types are crucial to identifying content. Below are different SWIFT message types. All SWIFT messages include the literal “MT” (Message Type).