What is MT103 SWIFT transfer?
MT103 is a standardized proof of payment document which can be provided by any bank or institution sending money through the SWIFT network. The SWIFT MT103 fields show all you need to know about the transaction including who sent it, the processing institutions, the amount, fees and more.
What is field 53a in MT103?
Field description. Use this field to indicate the sender’s correspondent. Use option: A to specify the correspondent’s BIC in the format 4! a2!
What does field 59 indicate in an MT103?
MT103 fields
| Tag | Name |
|---|---|
| 59 or 59A | Beneficiary Customer 4×35 |
| 70 | Remittance Information |
| 71A | Details of charges (OUR/SHA/BEN) |
| 71F | Sender’s Charges |
How do I read MT103 messages?
Once your payment has been dispatched, you can retrieve your MT103 by logging into your Money Mover account, selecting your completed payments and clicking ‘View’. Your MT103 will appear at the bottom of the record. There’s even a ‘copy to clipboard’ function so you can forward it to your recipient.
What is MT103 field 53B?
Field 53B indicates the account number of the Sender, serviced by the Receiver, which is to be used for reimbursement in the transfer.
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 72 in a SWIFT message?
Field 72: Sender to Receiver Information is a field in MT 700 swift message type that specifies additional information for the Receiver. This is an optional field. One or more of the following codes may be used: PHONBEN Please advise/contact beneficiary by phone.
What is field 71G in MT103?
:71G::Receiver’s charges Use this 18-character field to specify the currency and amount of the charges to be paid by the receiver.
