What is MT103 (SWIFT)?

The MT103 is a SWIFT message format used for making payments. MT103 SWIFT payments are known as international wire transfers, telegraphic transfers, standard EU payments (SEPA payments), LVTS in Canada, etc.

MT103 fields

Field Field Name
:20 Transaction Reference Number
:23B Bank Operation Code
:32A Value Date / Currency / Interbank Settled
:33B Currency / Original Ordered Amount
:50A, F or K Ordering Customer (Payer)
:52A or D Ordering Institution (Payer's Bank)
:53A, B or D Sender's Correspondent (Bank)
:54A, B or D Receiver's Correspondent (Bank)
:56A, C or D Intermediary (Bank)
:57A, B, C or D Account with Institution (Beneficiary's Bank)
:59 or 59A Beneficiary
:70 Remittance Information (Payment Reference)
:71A Details of Charges (BEN / OUR / SHA)
:72 Sender to Receiver Information
:77B Regulatory Reporting