What is MT103 (SWIFT)?
The MT103 is a SWIFT message format used for making payments. MT103 SWIFT payments are known as international wire transfers, telegraphic transfers, standard EU payments (SEPA payments), LVTS in Canada, etc.
|:20||Transaction Reference Number|
|:23B||Bank Operation Code|
|:32A||Value Date / Currency / Interbank Settled|
|:33B||Currency / Original Ordered Amount|
|:50A, F or K||Ordering Customer (Payer)|
|:52A or D||Ordering Institution (Payer's Bank)|
|:53A, B or D||Sender's Correspondent (Bank)|
|:54A, B or D||Receiver's Correspondent (Bank)|
|:56A, C or D||Intermediary (Bank)|
|:57A, B, C or D||Account with Institution (Beneficiary's Bank)|
|:59 or 59A||Beneficiary|
|:70||Remittance Information (Payment Reference)|
|:71A||Details of Charges (BEN / OUR / SHA)|
|:72||Sender to Receiver Information|