What is a field 20 Reference Number?

What is a field 20 Reference Number?

Field 20: Documentary Credit Number is a field in MT 700 swift message that is used to indicate the letter of credit number. This field specifies the documentary credit number which has been assigned by the Sender.

What is field 52A in mt202?

:52A or D. Ordering Institution (Payer’s Bank) :53A, B or D. Sender’s Correspondent (Bank)

What is field 56A in MT103?

Receiver’s Correspondent (Bank) :56A, C or D. Intermediary (Bank) :57A, B, C or D. Account with Institution (Beneficiary’s Bank)

What is field 57A in MT103?

The Sender (BNPAFRPP) is asking Receiver (PNBPUS3N) to debit sender’s account and credit the account of the Bank (OCBCSGSG) indicated in tag 57A. This indicates that Sender and Beneficiary customer’s Bank do not have direct account relationship in the currency of the transaction (USD).

What is TAG 20 in mt103?

These fields are referred to as tags. Tag. Name. 20. Transaction reference number (sender’s reference)

What is Field 21 in a SWIFT message?

:21::Related reference Use this 16-character field to indicate the reference that you have attributed to your wire transfer or book transfer instruction, to enable the final beneficiary (specified in :58a:) to identify the underlying transaction.

What is field 53a in MT202?

O 53a Sender’s Correspondent A or B Option A with BIC to be used. Account and BIC is allowed. Option B with account number to be used in case of multiple account relationships to identify the account to be debited.

What is Field 56A?

Field description Use this field to identify the financial institution acting as intermediary between Euroclear Bank and the final beneficiary’s financial institution (specified in :57a:). Use option: A to specify the intermediary’s BIC in the format 4! a2!

What is field 52a in SWIFT?

:52a::Ordering institution Use this field to identify the financial institution that initiated the transaction. D, if the BIC is not known, to specify the ordering institution’s name and address in a maximum of four lines of 35 characters.

What is field 57D in SWIFT?

Tag 57A or 57C or 57D – Account with Institution /34 characters.

What is Field 21 in a swift message?

What is ordering customer in SWIFT?

:50a::Ordering customer Use this field to identify the name and address of the customer (i.e. not a financial institution) that initiated the transaction.

What is field 20 in a text message?

Field 20: Your Reference his field specifies the reference assigned by you to clearly identify the message. his field must not start or end with a slash ‘/’ and must not contain two consecutive slashes ‘//’ his reference will be quoted in any related confirmation or statement, e.g. MT 910 and / or

What is the format of the sender’s reference?

The format of the sender’s reference is 16x. It means 1) it can take up to 16 characters and 2) it can take any character of the X permitted set ( See below ). :20:REF/hh123 is allowed. Number of characters < 16 and all characters belong to the X permitted set. :20:AREFWithMore16Characters is not allowed because it contains more than 16 characters.

What are the Swift formatting rules for sender’s reference?

Example 1 : SWIFT formatting rules for Sender’s Reference (Field 20). The format of the sender’s reference is 16x. It means 1) it can take up to 16 characters and 2) it can take any character of the X permitted set ( See below ). :20:REF/hh123 is allowed.

What is the identifier code for the field 50A?

The identifier code is mandatory if the field 50a is present, but only the first height characters that must be in the format 4!a2!a2!c. The last 3 characters are optional [3!c]. The identifier code is the BIC code. To know what a and c and ! mean, see the table below. :50A: /FR7630004008180001236749327 (with account only) is not allowed.