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 |