MT 103

MT 103 - ClearingLine Format Specifications

MT 103 Customer Transfer

M = Mandatory O = Optional

Status Tag Field Name Content/Options

M 20 Sender's Reference 16 digits

M 23B Bank Operation Code CRED
O 23E Instruction Code 4 digits
M 32A Value Date 6 numeric
Currency 3 alphabetical
Interbank Settled Amount 15 digits

O 33B Currency/ Instructed 3 alphabetical

Amount 15 digits
O 36 Exchange Rate 12 digits
M 50a Ordering Customer: Option A
[/34x] (Account)
Account number 4!a2!a2!c[3!c] (BIC/BEI)
Code / Identifier (Option F)
Name & Address Option K
[/34x] (Account)
4*35x (Name & Address)

Option F is preferred Option F

35x (Party Identifier)
Option 4*35x (Name & Address)
O 52A Ordering Institution A or D
M 53B Sender's Correspondent /D/10 digits
your account number
O 56A Intermediary Institution A or C
C = for Germany only
O 57A Account With Institution A, B, C or D
C = for Germany only

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Status Tag Field Name Content/Options

M 59A Beneficiary Customer:

Account number /34 digits
Name and Adress 4 lines 35 digits each
O 70 Remittance Information 4 lines
35 digits each
M 71A Details of Charges OUR
SHA
BEN
O 71F Sender's Charges Example:
71F EUR8,00
O 71G Receiver's Charges Example:
71G EUR5,50
O 72 Sender to Receiver Example:
Information
Line 1: /ACC/Branch 2
Lines 2-6: //............
slashes are set by the
system

1. Field 20: Your Reference

This field specifies the reference assigned by you to clearly identify the message.
This field must not start or end with a slash '/' and must not contain two consecutive slashes
'//'
This reference will be quoted in any related confirmation or statement, e.g. MT 910 and / or
940, 942, 950.

2. Field 23B: Bank Operation Code

This field identifies the type of operation.

Code:
CRED – Standard Message

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3. Field 23E: Instruction Code
This field specifies an instruction.

Codes:
Instructions must contain one of the following codes:

SDVA Payment must be executed to the beneficiary with same day value.
INTC The payment is an intra-company payment, i.e., a payment between two
companies belonging to the same group.
REPA Payment has a related e-Payments reference.
CORT Payment is made in settlement of a trade, e.g., foreign exchange deal,
securities transaction.
HOLD Beneficiary customer/claimant will call; pay upon identification.
CHQB Pay beneficiary customer only by cheque. The optional account number line in
field 59 must not be used.
PHOB Please advise/contact beneficiary/claimant by phone.
TELB Please advise/contact beneficiary/claimant by the most efficient means of
telecommunication.
PHON Please advise account with institution by phone.
TELE Please advise account with institution by the most efficient means of
telecommunication.
PHOI Please advise the intermediary institution by phone.
TELI Please advise the intermediary institution by the most efficient means of
telecommunication.

4. Field 32A: Value Date, Currency Code, Amount

This field specifies the value date, currency and amount to be transferred.

5. Field 33B: Currency/Instructed Amount (If a conversion was made on your side)
This amount is provided for information purposes and will be transported unchanged through
the transaction chain.

6. Field 36: Exchange Rate

This field specifies the exchange rate used to convert the instructed amount specified in field
33B.
This field must be present when a currency conversion has been performed on the Sender's
side.

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7. Field 50a: Ordering Customer
This field specifies the customer ordering the transaction.

According to the Money Laundering Act, the complete name & address and account number
(Option K), or other identification data (Option F) of the sender must be entered.

Since October 29, 2007 the preferred option is F

Format field 50F:

In option F the following line formats must be used:

Line 1 (subfield Party /34x (Account Number)

Identifier)
Lines 2-5 (subfield 1!n/33x (Number)(Details)
Name & Address)

Or

Line 1 (subfield Party 4!a/2!a/27x (Code)(Country Code)(Identifier)

Identifier)
Lines 2-5 (subfield 1!n/33x (Number)(Details)
Name & Address)

Codes:

In option F, when subfield 1 Party Identifier is used with the (Code)(Country Code)(Identifier)
format, one of the following codes must be used:

ARNU Alien Registration The code followed by a slash, '/' must be followed by the ISO country
Number code, a slash, '/' and the Alien Registration Number
CCPT Passport Number The code followed by a slash, '/' must be followed by the ISO country
code, a slash, '/' and the Passport Number.
CUST Customer The code followed by a slash, '/' must be followed by the ISO country
Identification code of the issuer of the number, a slash, '/', the issuer of the number,
Number a slash, '/' and the Customer Identification Number.
DRLC Driver's License The code followed by a slash, '/' must be followed by the ISO country
Number code of the issuing authority, a slash, '/', the issuing authority, a slash,
'/' and the Driver's License Number.
EMPL Employer Number The code followed by a slash, '/' must be followed by the ISO country
code of the registration authority, a slash, '/', the registration authority,
a slash, '/' and the Employer Number.

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 NIDN National Identity The code followed by a slash, '/' must be followed by the ISO country
Number code, a slash, '/' and the National Identity Number.
SOSE Social Security The code followed by a slash, '/' must be followed by the ISO country
Number code, a slash, '/' and the Social Security Number.
TXID Tax Identification The code followed by a slash, '/' must be followed by the ISO country
Number code, a slash, '/' and the Tax Identification Number.

In option F, each line of subfield 2 Name & Address when present must start with one of the
following numbers:

1 Name of the The number followed by a slash, '/' must be followed by the name of the
ordering ordering customer (where it is recommended that the surname precedes given
customer name(s)).
2 Address Line The number followed by a slash, '/' must be followed by an Address Line
(Address Line can be used to provide for example, street name and number,
or building name).
3 Country and The number followed by a slash, '/' must be followed by the ISO country code,
Town a slash '/' and Town (Town can be complemented by postal code (for example
zip), country subdivision (for example state, province, or county).
4 Date of Birth The number followed by a slash, '/' must be followed by the Date of Birth in the
YYYYMMDD format.
5 Place of Birth The number followed by a slash, '/' must be followed by the ISO country code,
a slash '/' and the Place of Birth.
6 Customer The number followed by a slash, '/' must be followed by the ISO country code
Identification of the issuer of the number, a slash, '/', the issuer of the number, a slash, '/'
Number and the Customer Identification Number.
7 National Identity The number followed by a slash, '/' must be followed by the ISO country code,
Number a slash, '/' and the National Identity Number.
8 Additional The number followed by a slash, '/' is followed by information completing one
Information of the following:
the Identifier provided in subfield 1 (Party Identifier) used with the
(Code)(Country Code)(Identifier) format.
the Customer Identification Number provided in subfield 2 (Name &
Address) with number 6.
the National Identity Number provided in subfield 2 (Name & Address)
with number 7.

NETWORK VALIDATED RULES

Identifier Code must be a registered BIC or BEI.

In option F, subfield 1 (Party Identifier) used with the (Code)(Country Code)(Identifier) format:
Country Code must be a valid ISO country code.

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In option F, subfield 2 (Name & Address):
• The first line must start with number 1.
• Numbers must appear in numerical order.
• Number 2 must not be used without number 3.
• Number 4 must not be used without number 5 and vice versa.
• Number 4 must be followed by a valid date in the format YYYYMMDD and this date, local
to the sender, must not be later than the date on which the message is successfully sent
to SWIFT.
• Numbers 3, 5, 6 and 7 must be followed by a valid ISO country code, a slash '/' and
additional Details.
• Numbers 3, 4, 5, 6, 7 and 8 must not be repeated.
• The use of number 8 is only allowed in the following instances:
o to continue information on the Identifier of the ordering customer provided in subfield 1
(Party Identifier) used with the (Code)(Country Code)(Identifier) format.
o to continue information on the Customer Identification Number provided in subfield 2
(Name & Address) following number 6.
o to continue information on the National Identity Number provided in subfield 2 (Name &
Address) following number 7.

USAGE RULES

If the account number of the ordering customer is present, it must be stated in Account.
In option F, subfield 2 (Name & Address): Numbers 1 and 2 may be repeated.
In option F, subfield 1 (Party Identifier) used with the (Code)(Country Code)(Identifier) format:
if additional space is required for providing the Identifier of the ordering customer, one of the
following options must be used:
1. First option (preferred): Identify the ordering customer with a different identifier where
the length is not an issue.
2. Second option: Continue the information in subfield 2 (Name & Address) using
number 8.
In option F, subfield 2 (Name & Address): if additional space is required for providing the
Customer Identification Number (number 6) or the National Identity Number (number 7) of
the ordering customer, one of the following options must be used:
1. First option (preferred): Identify the ordering customer with a different identifier where
the length is not an issue.
2. Second option: Continue the information in subfield 2 (Name & Address) using
number 8.

Examples
Option F - Example 1
:50F:/12345678
1/SMITH JOHN
2/299, PARK AVENUE
3/US/NEW YORK, NY 10017
Option F - Example 2
:50F:/BE30001216371411

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1/PHILIPS MARK
4/19720830
5/BE/BRUSSELS
Option F - Example 3
:50F:DRLC/BE/BRUSSELS/NB0949042
1/DUPONT JACQUES
2/HIGH STREET 6, APT 6C
3/BE/BRUSSELS
Option F - Example 4
:50F:NIDN/DE/121231234342
1/MANN GEORG
6/DE/ABC BANK/1234578293
Option F - Example 5
:50F:CUST/DE/ABC BANK/123456789/8-123456
1/MANN GEORG
2/LOW STREET 7
3/DE/FRANKFURT
8/7890
This means that the customer identification number of Mann Georg assigned by ABC Bank is 123456789/8-
1234567890.
References: SWIFTStandards

8. Field 52a: Ordering Institution

This field specifies the ordering institution if other than your Bank.
The BIC must be a SWIFT registered address.
Option A is the preferred option.
Option D should only be used if the ordering financial institution has no BIC.

9. Field 53B: Sender's Correspondent

This field specifies the account to which the payment has to be debited.

10. Field 56a: Intermediary Institution

This field identifies the correspondent bank of the account with institution if other than VTB
Bank.

The BIC must be a SWIFT registered address.

Option A must be used whenever possible.
Option C Party Identifier may be used to indicate a national clearing system code,
Important: Option C with clearing code other than DE will be forwarded without
Checking

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11. Field 57a: Account with Institution
This field identifies the financial institution, if other than VTB Bank, which will pay or credit the
beneficiary institution.

The BIC must be a SWIFT registered address.

Option A must be used whenever possible.

Option D must only be used in exceptional circumstances, e.g., if the party cannot be
identified by a BIC.
Option C Party Identifier may be used to indicate a national clearing system code.
Option C with clearing code other than DE will be forwarded without
checking.

12. Field 59a: Beneficiary Customer

This field specifies the customer who will be paid.
At least the account number, name, full address or the BEI (Business Entity Identifier) of the
beneficiary customer is mandatory.

13. Field 70: Remittance Information

This field specifies either the details of the individual transaction or a reference to another
message containing the details which are to be transmitted to the beneficiary customer.

The information specified in this field is intended only for the beneficiary customer.
We do not read its content.

14. Field 71A: Details of Charges

This field specifies which party will bear the charges for the transaction.
One of the following codes must be used:

BEN/SHA All transaction charges are to be borne by the beneficiary customer.

SHA or In Field 72 causes charges will be debited to your account, all the other to the
OUR and beneficiary‘s account.
/SPLIT/
OUR All transaction charges are to be borne by the ordering customer.

15. Field 71F: Sender's Charges

This repetitive field specifies the currency and amount of the transaction charges deducted
by you and by previous banks in the transaction chain.

These fields are conveyed for transparency reasons.

The net amount after deduction of the Sender's charges will be quoted as the inter-bank
settled amount in field 32A.

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16. Field 72: Sender to Receiver Information
This field specifies additional information for the Receiver of the payment order or another
party identified in the field.

Codes:
Please be informed that the usage of this codes (except ‘INS’) will cause Third Bank /
REPAIR Charges.

ACC Instructions following are for the account with institution.

INS The institution which instructed the Sender to execute the transaction.

INT Instructions following are for the intermediary institution.

REC Instructions following are for the Receiver of the message.

Field 72 must in no case be used for information for which another field is intended.

Codes must be placed between slashes and at the beginning of a line. Additional explanatory
information, which may be continued in the next lines, is preceded by a double slash '//'.

16A. Field 72: Special OWHBDEFF Code

/SPLIT/ + Field 71A = SHA or OUR = Charges of ordering customer institution to be

paid by ordering customer, all other charges to be paid by beneficiary.
No REPAIR Charges will apply.

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