Straight Through Processing Guide

Optimising Straight Through Processing (STP) is a vital

consideration both for our customers and for
ABN AMRO. We are continuously investing in the latest
technology to increase the percentage of payments
processed automatically and to repair messages,
ensuring rapid execution. In addition, we are
committed to helping our customers to refine their
own payments processing so that payments are
formatted correctly, minimising errors, costs and
avoiding delayed payments.
The Importance of Straight Through
Processing
■ Reduce transaction costs by minimising processing
errors and subsequent investigations;
■ Ensure rapid transmission of payments and related
information between financial counterparties.

This Guide is provided for our financial institution and

corporate customers that use SWIFT as their primary
payment order delivery channel. Its aim is to provide
guidance on how to format the most common payment
message types correctly, and take advantage of the
efficiencies offered through SWIFT messaging.
In order to provide consistency and clarity for our
customers, ABN AMRO’s payments processing criteria
are based on the SWIFT STP rules described in the
STP Automation Guide for Payments at www.swift.com.
STP formatting guidelines
The following charts provide information on how to
format the most common payment messages in EUR
according to ABN AMRO’s STP requirements.
Following these guidelines will help reduce transaction
costs by minimising the cost of error handling, and
improve operational efficiency.
Single customer credit transfer in EUR (MT 103 / 103+) sent to ABN AMRO
Status: M=Mandatory, O=Optional.
If //RT, /RT, RT or //RT/ is mentioned in the account number line of the first credit party, we will process the payment order through TARGET2.

Status Tag Field Name STP requirements

M 20 Sender’s Reference 16x

O 13C Time Indication /8c/4!n1!x4!n

M 23C Bank Operation Code Only codeword CRED will be accepted

O 23E Instruction Code This field will be ignored, unless otherwise agreed
between ABN AMRO and the customer

O 26T Transaction Type Code This field will be ignored

M 32A Value Date, Currency Code, Interbank 6!n3!a15d

Settled Amount

O 33B Currency/Instructed Amount 3!a15d

O 36 Exchange Rate 12d

M 50a Ordering Customer A , F or K

O 52a Ordering Institution Option A with BIC code must be used

O 53a Sender’s Correspondent Option A with BIC code must be used

Option B can be used for including the debit account
number, in case multiple accounts in the same currency
are being maintained by the sender

O 54a Receiver’s Correspondent Option A with BIC code must be used

O 55a Third Reimbursement Institution Option A with BIC code must be used

O 56a Intermediary Institution Option A with BIC code must be used

O 57a Account with Institution Option A with BIC code must be used
Option D if agreed between ABN AMRO and the customer
Field 57 must not be used if the beneficiary bank is the
same as the receiving institution

M 59a Beneficiary Customer A or no letter option

O 70 Remittance Information 4*35x

M 71A Details of Charges SHA, BEN, OUR

O 71F Sender’s Charges 3!a15d (in Case 71A=BEN/SHA, otherwise this field must
be empty)

O 71G Receiver’s Charges 3!a15d (in Case 71A=OUR, otherwise this field must be
empty)

O 72 Sender to Receiver Information Codeword /INS/ will be accepted (MT103/MT103+)

Codeword /REJT/ and /RETN/ will be accepted (MT103)
Other code words will be ignored, unless otherwise
between ABN AMRO and the customer

O 77B Regulatory Reporting This field will be ignored

O 77T Envelope Contents (only MT103) Not to be used

General financial institution transfer in EUR (MT 202) sent to ABN AMRO
Status: M=Mandatory, O=Optional.
If //RT, /RT, RT or //RT/ is mentioned in the account number line of the first credit party, we will process the payment order through TARGET2.

Status Tag Field Name STP requirements

M 20 Transaction Reference Number 16x

M 21 Related Reference 16x

O 13C Time Indication /8c/4!n1!x4!n

M 32A Value Date, Currency Code, Amount 6!n3!a15d

O 52a Ordering Institution Option A with BIC code must be used

O 53a Sender’s Correspondent Option A with BIC code must be used

Option B can be used for including the debit account
number, in case multiple accounts in the same currency
are being maintained by the sender

O 54a Receiver’s Correspondent Option A with BIC code must be used

O 56a Intermediary Option A with BIC code must be used

O 57a Account with Institution Option A with BIC code must be used
Field 57 must not be used if the beneficiary bank is the
same as the receiving institution

M 58a Beneficiary Institution Option A with BIC code must be used

O 72 Sender to Receiver Information Codeword /INS/, /REJT/ and /RETN/ will be accepted
Other code words will be ignored, unless otherwise agreed
between ABN AMRO and the customer

Financial institution transfer for its own account in EUR (MT 200) sent to ABN AMRO
Status: M=Mandatory, O=Optional.
If //RT, /RT, RT or //RT/ is mentioned in the account number line of the first credit party, we will process the payment order through TARGET2.

Status Tag Field Name STP requirements

M 20 Transaction Reference Number 16x

M 32A Value Date, Currency Code, Amount 6!n3!a15d

O 53a Sender’s Correspondent Option A with BIC code must be used

Option B can be used for including the debit account
number, in case multiple accounts in the same currency
are being maintained by the sender

O 56a Intermediary Option A with BIC code must be used

O 57a Account with Institution Option A with BIC code must be used
Should not be used if the bank of the beneficiary is
ABNANL2A

O 72 Sender to Receiver Information Codeword /INS/, /REJT/ and /RETN/ will be accepted
Other code words will be ignored, unless otherwise agreed
between ABN AMRO and the customer
Contact information
ABN AMRO
Correspondent Banking

Telephone:
+31 20 628 13 33
E-mail:
correspondent.banking@nl.abnamro.com
Website:
www.abnamro.com/correspondentbanking