MT103

MT103

MT103

SWIFT payment message

For the drug, see Blinatumomab.

MT103 (Message Type 103) is a specific SWIFT message type/format used on the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system to send for cross border/international wire transfer messages between financial institutions for customer cash transfers.

MT103 fields

Below are the fields of an MT103 message. These fields are referred to as tags.

More information Tag, Name ...

In the above table, tags 52, 53, 54, 55, 56, and 57 preferably contain ISO 9362 Business Identifier Codes (BICs), whereas tags 50 and 59 preferably contain an account number or a BIC(Business Identifier Codes).

As per SWIFT standards, the account number is to be in IBAN (International Bank Account Number) format or in BBAN format (for domestic payments).[1]

References

  1. [1]
    "SWIFT Message Type Reference". SWIFT Integration Projects. Oracle. Retrieved 2016-04-29.
Share this article:

This article uses material from the Wikipedia article MT103, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.