The SWIFT MT103 format specifications as available in the SWIFT Category 1 – Message Reference Guide. Links to pages with detailed description of fields will be provided later. Back to the payment messages page.
The SWIFT MT103 format specifications you find on the table below contains the fields that are found in the Block 4 or Text block of a SWIFT message. So it is only part of the information that is exchanged between senders and receivers over the SWIFT network. Here is the link to the whole structure of a SWIFT message (Blocks 1 to 5).
Status Tag Field Name Content/Options No. M 20 Sender's Reference 16x 1 -----> O 13C Time Indication /8c/4!n1!x4!n 2 -----| M 23B Bank Operation Code 4!c 3 -----> O 23E Instruction Code 4!c[/30x] 4 -----| O 26T Transaction Type Code 3!c 5 M 32A Value Date/Currency/Interbank Settled Amount 6!n3!a15d 6 O 33B Currency/Instructed Amount 3!a15d 7 O 36 Exchange Rate 12d 8 M 50a Ordering Customer A, F, or K 9 O 51A Sending Institution [/1!a][/34x]
4!a2!a2!c[3!c] 10 O 52a Ordering Institution A or D 11 O 53a Sender's Correspondent A, B, or D 12 O 54a Receiver's Correspondent A, B, or D 13 O 55a Third Reimbursement Institution A, B, or D 14 O 56a Intermediary Institution A, C, or D 15 O 57a Account With Institution A, B, C, or D 16 M 59a Beneficiary Customer No letter option, A, or F 17 O 70 Remittance Information 4*35x 18 M 71A Details of Charges 3!a 19 -----> O 71F Sender's Charges 3!a15d 20 -----| O 71G Receiver's Charges 3!a15d 21 O 72 Sender to Receiver Information 6*35x 22 O 77B Regulatory Reporting 3*35x 23 M = Mandatory, O = Optional - Network Validated Rules may apply
This article decrypts a basic SWIFT MT103 message, specifically the meaning of the different fields in the message.
Back to the whole structure of a SWIFT message or Back to the payment messages page.