What is field 50F in Swift?

In case of field 50F, this means that Name&Address field must carry: the name of the ordering customer (on the first line(s) after “1/”), the street name (on the next line after “2/”) and the ISO country code, a slash and the town (on the next line after “3/”).

What is 50K Swift?

:50K::Ordering customer Use this field to identify, in a maximum of four lines of 35 characters, the name and address of the customer (i.e. not a financial institution) that initiated the transaction.

What is MT103 swift message?

An MT103 is a standardised SWIFT payment message used specifically for cross border/international wire transfers. MT103s are globally accepted as proofs of payment and include all payment details such as date, amount, currency, sender and recipient.

What is Field 70 in a swift message?

The field 70 (:70:/INV/18042-090715) contains the remittance information. Usually the remittance information is generated by the beneficiary and sent to the ordering customer (or debtor).

When to use F58 or F72 in Swift?

F58 correctly formatted, i.e., Option A with published SWIFT F72 should not be used at all for SWIFT MT200 e MT202COV is to be used for the movement of the funds between financial institutions related to an underlying cus- tomer credit transfer which was sent with cover.

What is the definition of SWIFT BIC alone?

Definition: The financial institution at which the Ordering Party requests the Beneficiary to be paid. Format Option: SWIFT BIC alone or SWIFT BIC plus //CC + 9 digit Canadian Sort Code (no spaces) in Subfield 1. Leave BLANK, if NOSCCATT. Name and address of receiving branch plus //CC + 9 digit Canadian Sort Code. :58A Beneficiary Institution

What are the character sets for SWIFT MT?

The X, Y and Z Character sets used in the SWIFT MT messages are provided below. Computer-based terminals communicating with SWIFT use EBCDIC code. The characters Cr and Lf must never be used as single characters and must only be used together in the sequence CrLf, that is, LfCr is not allowed.

When to use CRLF and LF in Swift?

In a field format with several lines, the characters Cr and Lf must never be used as single characters and must only be used together in the sequence CrLf, that is, LfCr is not allowed. When CrLf is used in such fields, it will be interpreted as the end of one line of text and the start of the next line of text.