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Format Description

SWIFT MT103 Format

Single Customer Credit Transfer
Version 1.1 April 2014

COLOFON

Title

Format Description SWIFT MT103

Version, date

1.1, April 2014

On behalf of

FL-Services

Contact address

Rabobank Nederland,
Croeselaan 18,
Postbus 2626
3500 HG Utrecht

Rabobank, 2014
No part of this publication may be reproduced in any form by print, photo print, microfilm or
any other means without written permission by Rabobank.

Contents

SWIFT MT103: Single Customer Credit Transfer

1.

Introduction

General information

Format Specification

Format Description SWIFT MT103

April 2014

SWIFT MT103: Single Customer Credit Transfer

1. Introduction
This document indicates the Rabobank specific requirements for fields within the MT103 standard format
structure.

2 General information
The MT 103 is the standard used in cross-border traffic for single customer credit transfers using the
SWIFT network validated by a restricted set of fields. The MT103 is only meant for (Non-Banking) Financial
Institutions.
Rabobank only accepts MT103 and the MT103+ version, where no registration in a Message Use Group
(MUG) is necessary. Rabobank does not accept Extended Remittance Information MUG in field 77T for
which registration in a MUG is necessary.

3 Format Specification
The MT103 should be formatted according to the standards indicated in the user handbook on
www.swift.com. However for a number of fields Rabobank applies specific rules which are indicated in the
Text Block. If there are no comments filled for a specific field, the standard SWIFT description applies.
Application Header
The Application Header (Block 2) appears on all input messages (Service Identifier 01). The input
Application Header describes the type of message, its addressee, and which optional sending parameters
can be used.
If the payment should be handled with urgent priority, the Message Priority in the Application Header
should be filled with the value U. If not, use value N.

Text block

Format, Content,
Option
[]=optional
!=fixed length
a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

Mandatory/
Optional

Fieldname

20

Senders
Reference

16x

13C

Time indication

/8c/4!n1!x4!n

4!c

|
Only CRED allowed

Do not fill in any code, it will be

ignored.

Field

Subfield
/Option

23

Bank Operation
Code

23

Instruction Code

4!c[/30x]

26

Transaction
Type code

3!c

32

33

36

Value Date/
Currency /
Interbank Settled
Amount

6!n3!a15d

Comments / Rabobank specific

Value date
The value date cannot be in
the past and not further in the
future than 30 days.
Amount
Decimal separator is a comma.
The comma is mandatory and
is included in the max. length.

Currency /
Instructed
Amount

3!a15d

Exchange Rate

12d

Format, Content,
Option

Field

Subfield
/Option

Mandatory/
Optional

Fieldname

[]=optional
!=fixed length
a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

Option F
Line 1
Party Identifier
(Account)
/34x
50a

F or K

Ordering
Customer

Lines 2-5 Name and

Address
1!n/33x

Comments / Rabobank specific

Fill in according to Appendix A

of Rabobank Payments Policy.
For SEPA payments at least an
IBAN and name of the ordering
customer must be filled.
Usage of Subfield F is
preferred.

Option K
Account
[/34x]
Name and Address
4*35x

51

Sending
Institution

52a

A or D

Ordering
Institution

[/1!a][/34x]
4!a2!a2!c[3!c]

This is an optional field but

mandatory for the Rabobank.

53

A, B, or
D

Sender's
Correspondent

Within all the options: Always

supply the account number
(IBAN is highly recommended)
as Party identifier or else this
message will be rejected.
For SEPA payments at least an
IBAN and name of the ordering
customer must be filled
(=Option D).

Format, Content,
Option

Subfield
/Option

Mandatory/
Optional

54a

A, B or
D

55a

A, B or
D

Field

56a

A, C or
D

57a

A,B,C or
D

Fieldname

[]=optional
!=fixed length
a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

Comments / Rabobank specific

Receivers
Correspondent

Third
Reimbursement
Institution

Intermediary
Institution

Account With
Institution

This field is preferred not to be

filled because routing will take
place based on the Account
With Institution (57A) and
Rabobanks correspondent
network.
57A is highly recommended

Format, Content,
Option

Field

59

Subfield
/Option

No letter
or A

Mandatory/
Optional

Fieldname

[]=optional
!=fixed length
a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

Comments / Rabobank specific

Within the EEA an IBAN is

always mandatory in case of
EEA currencies.
Outside the EEA an IBAN is
recommended when the
country of the Beneficiary
uses the IBAN standard.
In some IBAN-countries
(especially in the Middle East)
an IBAN is mandatory too.
In all other countries an
account number is
recommended.
Furthermore provide
beneficiaries name, address,
place and country.

Beneficiary
Customer

If the no-letter-option is
used, then at least three
addresslines has to be filled.
The last line must end with
the countrycode, preceded by
one space.

70

71

Remittance
Information

If the payment is on behalf of

another party/customer, this
party must not be filled in field
70. Instead, field 50 should be
filled including the party
identifier known by Rabobank.

Details of
Charges

Cost option SHA is obliged for

EEA currencies within the
EEA.

3!a

Format, Content,
Option
[]=optional
!=fixed length
a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

Subfield
/Option

Mandatory/
Optional

71

Sender's
Charges

3!a

71

Receiver's
Charges

3!a15d

Field

Fieldname

Comments / Rabobank specific

Using this field, will be

discouraged.
72

77

Sender to
Receiver
Information

6*35x

Regulatory
Reporting

3*35x

If this field will be used for

payments within EEA in EURO
currency, the message will be
rejected.