SWIFTStandards

Comparison Table
pacs.008.001.01 FIToFICustomerCreditTransferV01 MT 103 Core Single Customer Credit Transfer Fedwire Customer Transfer (CTR) CHIPS Non-Bank Transfer
The SWIFTStandards Comparison Table provides an overview of the semantic equivalence between the ISO pacs.008.001.01, SWIFT MT 103, Fedwire Customer Transfer and CHIPS Non-Bank Transfer message standards.

17 April 2008 Related documentation • SWIFT User Handbook, SWIFTStandards MT, relevant Message Reference Guides • UNIFI (ISO 20022) Message Definition Report - Payments Standards - Clearing and Settlement and related XML schemas and instances The latest version of the SWIFT Message Reference Guides is available at www.swift.com. The latest version of the UNIFI documentation is published on the www.iso20022.org website.

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With NumberOfTransactions equal to 1. the settlement method is CLRG.SWIFTStandards Translation Rules C D E pacs.01 FIToFICustomer 1 CreditTransferV01 2 GroupHeader MessageIdentification 3 4 CreationDateTime 5 BatchBooking NumberOfTransactions 6 7 ControlSum TotalInterbankSettlementAmou nt A B F MT 103 Core Single Customer Credit Transfer :20: Sender's Reference :32A: Value Date/Currency/Interbank Settled Amount Subfield 2: Currency Subfield 3: Interbank Settled Amount :32A: Value Date/Currency/Interbank Settled Amount Subfield 1: Value Date {1520} IMAD {2000} Amount G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment [320] Send Participant Reference [260] Amount MT 103 and Fedwire/CHIPS CTR are single transaction messages.008. so transparent.001. InstructingReimbursementA :53a: Option A. TotalInterbankSettlementAmount is equal to the InterbankSettlementAmount. B or D gent Sender's Correspondent Subfield 2: BIC.008.001. B or D gentAccount Sender's Correspondent Subfield 1: PartyIdentifier - - 18 - - 19 MX pacs.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 3 . For CHIPS and Fedwire. Location or Name&Address InstructingReimbursementA :53a: Option A. Currency USD implicit {1520} IMAD First 8 characters Currency USD implicit [201] Identification Tag Element 2: Value Date 8 InterbankSettlementDate 9 10 SettlementInformation 11 SettlementMethod 12 CLRG 13 COVE 14 INDA 15 INGA SettlementAccount :53a: Option B Sender's Correspondent Subfield 1: PartyIdentifier - - - The MT 103 allows for all settlement methods (albeit implicit). 16 ClearingSystem 17 - - The message is sent across the Fedwire or CHIPS system.

Location or Name&Address ThirdReimbursementAgent :55a: Option A. B or D Receiver's Correspondent gent Subfield 2: BIC.008.001.SWIFTStandards Translation Rules A C D E F pacs. B or D Receiver's Correspondent gentAccount Subfield 1: PartyIdentifier ThirdReimbursementAgent :55a: Option A.008. Location or Name&Address InstructedReimbursementA :54a: Option A.001.01 MT 103 Core FIToFICustomer Single Customer CreditTransferV01 Credit Transfer InstructedReimbursementA :54a: Option A. B or D Third Reimbursement Institution Account Subfield 1: PartyIdentifier B G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment 1 - - 20 - - 21 - - 22 - - 23 24 PaymentTypeInformation 25 InstructionPriority 26 ServiceLevel 27 Code 28 PRPT 29 SEPA SDVA :23E: Instruction Code Subfield 1: Instruction = SDVA //RT in Subfield 1 of first party field present (:56a: Intermediary Institution or :57a: Account With Institution) - - - 30 31 32 33 34 Proprietary ClearingChannel BOOK MPNS RTGS Default for Fedwire as RTGS system - 35 RTNS 36 LocalInstrument 37 38 CategoryPurpose {3600} Business Function Code Default for CHIPS as RTNS system - MX pacs. B or D Third Reimbursement Institution Subfield 2: BIC.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 4 .

008.001.008.SWIFTStandards Translation Rules A B C D pacs.001.01 FIToFICustomer CreditTransferV01 INTC E F MT 103 Core Single Customer Credit Transfer :23E: Instruction Code Subfield 1: Instruction = INTC :23E: Instruction Code Subfield 1: Instruction = CORT MT Sender G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment 1 - 39 CORT - - 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 CASH DIVI GOVT HEDG INTE LOAN PENS SALA SECU SSBE SUPP TAXS TRAD TREA VATX WHLD InstructingAgent {3100} Sender FI [201] Identification Tag Element 3: Send Participant [211] Disposition Tag Element 1: Receive Participant 57 InstructedAgent MT Receiver {3400} Receiver FI 58 59 CreditTransferTransactionInformation 60 PaymentIdentification InstructionIdentification :20: 61 Sender's Reference EndToEndIdentification :70: Remittance Information 62 63 Code: ROC - {3320} Sender Reference Number {4320} Reference for Beneficiary [320] Send Participant Reference - TransactionIdentification - - MX pacs.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 5 .

008.001.001.01 FIToFICustomer CreditTransferV01 PaymentTypeInformation InstructionPriority ServiceLevel Code PRPT SEPA SDVA A B E F MT 103 Core Single Customer Credit Transfer G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment 1 64 65 66 67 68 69 - :23E: Instruction Code Subfield 1: Instruction = SDVA //RT in Subfield 1 of first party field present (:56a: Intermediary Institution or :57a: Account With Institution) - - - 70 71 72 73 74 Proprietary ClearingChannel BOOK MPNS RTGS Default for Fedwire as RTGS system - 75 RTNS 76 LocalInstrument 77 78 CategoryPurpose INTC {3600} Business Function Code - Default for CHIPS as RTNS system - :23E: Instruction Code Subfield 1: Instruction = INTC :23E: Instruction Code Subfield 1: Instruction = CORT - - 79 CORT - - 80 81 82 83 84 85 86 87 88 89 90 CASH DIVI GOVT HEDG INTE LOAN PENS SALA SECU SSBE - - MX pacs.008.SWIFTStandards Translation Rules C D pacs.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 6 .

008.SWIFTStandards Translation Rules C D E pacs.008.001.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 7 .01 FIToFICustomer CreditTransferV01 SUPP TAXS TRAD TREA VATX WHLD InterbankSettlementAmount A B F MT 103 Core Single Customer Credit Transfer :32A: Value Date/Currency/Interbank Settled Amount Subfield 2: Currency Subfield 3: Interbank Settled Amount :32A: Value Date/Currency/Interbank Settled Amount Subfield 1: Value Date 98 99 SettlementTimeIndication DebitDateTime First 8 characters :13C: Time Indication Code: SNDTIME :13C: Time Indication Code: RNCTIME :13C: Time Indication Code: CLSTIME :33B: Currency/Instructed Amount Element 2: Value Date {2000} Amount G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment 1 91 92 93 94 95 96 [260] Amount Currency USD implicit {1520} IMAD Currency USD implicit [201] Identification Tag 97 InterbankSettlementDate 100 CreditDateTime - - 101 102 SettlementTimeRequest CLSTime 103 104 AcceptanceDateTime 105 PoolingAdjustmentDate InstructedAmount {3710} Instructed Amount [301] Charges Information Element 2: Instructed Amount 106 MX pacs.001.

8 or 10: Sending Charges :71F: {3700} Sender's Charges Charges (:71A: with code "BEN" or "SHA") Currency Code or Sender's Charges :71G: Receiver's Charges (:71A: with code "OUR") 114 ChargesParty In the MT 103. 115 PreviousInstructingAgent :72: Sender to Receiver Information Code: INS {5200} Instructing FI [520] or [522] Instructing Bank 116 MX pacs.001. Fedwire and CHIPS CTR the financial institution that has taken charges or to which charges are due is implicit to the payment chain and can within certain limits be understood from that payment chain.01 FIToFICustomer 1 CreditTransferV01 ExchangeRate A B E F MT 103 Core Single Customer Credit Transfer :36: Exchange Rate G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment {3720} Exchange Rate [301] Charges Information Element 3: Exchange Rate 107 108 ChargeBearer DEBT :71A: Details of Charges Code: OUR :71A: Details of Charges Code: BEN 110 SHAR :71A: Details of Charges Code: SHA 111 112 SLEV 113 ChargesInformation ChargesAmount {3700} Charges Details of Charges: S - - 109 CRED {3700} Charges Details of Charges: B [301] Charges Information Element 1: Details of Charges (Code = 1) [301] Charges Information Element 1: Details of Charges (Code = 2) [301] Charges Information Element 4. 6.SWIFTStandards Translation Rules C D pacs.001.008.008.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 8 .

001.SWIFTStandards Translation Rules C D E pacs. C or D Intermediary Institution Subfield 2: BIC. T or U {5100} Originator's FI [502] Originator Information ID-Code: D [510] or [512] Originator's Bank 129 DebtorAgent MX pacs. Location or Name&Address :56a: Option A.008. F or K Ordering Customer Subfield 2: BICBEI or Name&Address :50a: Option A.008. C or D Intermediary Institution Subfield 1: PartyIdentifier :50a: Option A.001. B. F or K Ordering Customer Subfield 1: Account :52a: Option A or D Ordering Institution Subfield 2: BIC or Name&Address 130 {4000} Intermediary FI 120 IntermediaryAgent1Account {4000} Intermediary FI ID-Code: D or U {5000} Originator [402] Intermediary Bank ID-Code: D or U [500] or [502] Originator Information 121 122 123 124 125 126 127 IntermediaryAgent2 IntermediaryAgent2Account IntermediaryAgent3 IntermediaryAgent3Account UltimateDebtor InitiatingParty Debtor 128 DebtorAccount {5000} Originator ID-Code: D.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 9 . B.01 FIToFICustomer 1 CreditTransferV01 PreviousInstructingAgentAcco unt 117 InstructingAgent MT Sender A B F MT 103 Core Single Customer Credit Transfer G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment {5200} Instructing FI ID-Code: D {3100} Sender FI [522] Instructing Bank ID-Code: D [201] Identification Tag Element 3: Send Participant [211] Disposition Tag Element 1: Receive Participant [400] or [401] or [402] Intermediary Bank 118 InstructedAgent MT Receiver {3400} Receiver FI 119 IntermediaryAgent1 :56a: Option A.

008.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 10 .001. T or U - [422] Beneficiary Information ID-Code: D.01 FIToFICustomer 1 CreditTransferV01 DebtorAgentAccount A B E F MT 103 Core Single Customer Credit Transfer :52a: Option A or D Ordering Institution Subfield 1: PartyIdentifier :57a: Option A. B. C or D Account With Institution Subfield 1: PartyIdentifier :59a: Option A or No letter Beneficiary Customer Subfield 2: BICBEI or Name&Address :59a: Option A or No letter Beneficiary Customer Subfield 1: Account G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment {5100} Originator's FI ID-Code: D or U {4100} Beneficiary's FI [512] Originator's Bank ID-Code: D or U [410] or [411] or [412] Beneficiary's Bank 131 CreditorAgent 132 CreditorAgentAccount {4100} Beneficiary's FI ID-Code: D or U {4200} Beneficiary [412] Beneficiary's Bank ID-Code: D or U [420] or [421] or [422] Beneficiary Information 133 Creditor 134 CreditorAccount {4200} Beneficiary ID-Code: D. Location or Name&Address :57a: Option A.008. B.001. C or D Account With Institution Subfield 2: BIC.SWIFTStandards Translation Rules C D pacs. T or U - 135 136 UltimateCreditor 137 InstructionForCreditorAgent 138 Code CHQB :23E: Instruction Code Subfield 1: Instruction = CHQB {6420} [641] Method of Payment to Beneficiary Beneficiary Advice Information Method of Payment Code: CHECK {6410} Beneficiary Advice Information Advice Code: HLD {6410} Beneficiary Advice Information Advice Code: PHN Advice Code: Q 139 HOLD :23E: Instruction Code Subfield 1: Instruction = HOLD :23E: Instruction Code Subfield 1: Instruction = PHOB [641] Beneficiary Advice Information Advice Code: H [641] Beneficiary Advice Information Advice Code: P 140 PHOB 141 MX pacs.

TLX or WRE Advice Code: C {6310} [631] Beneficiary's FI Advice Information Beneficiary's Bank Advice Information Advice Code: LTR. P or C) "HOLD".008. TLX or WRE Advice Code: C MX pacs.001.001. H. HLD.SWIFTStandards Translation Rules A B C D pacs.008. PHN.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 11 . Code = Q. ''PHOB'' or "TELB") TLX or WRE) 143 :72: Sender to Receiver Information 144 145 InstructionForNextAgent 146 Code PHOA Code: ACC {6400} Beneficiary's Information [640] Beneficiary's Bank Advice Information :23E: Instruction Code Subfield 1: Instruction = PHOI 147 :23E: Instruction Code Subfield 1: Instruction = PHON 148 TELA :23E: Instruction Code Subfield 1: Instruction = TELI 149 :23E: Instruction Code Subfield 1: Instruction = TELE 150 {6210} [621] Intermediary FI Advice Information Intermediary Bank Advice Information Advice Code: PHN Advice Code: P {6310} [631] Beneficiary's FI Advice Information Beneficiary's Bank Advice Information Advice Code: PHN Advice Code: P {6210} [621] Intermediary FI Advice Information Intermediary Bank Advice Information Advice Code: LTR. TLX or WRE {6410} Beneficiary Advice Information [641] Beneficiary Advice Information Advice Code: C [641] Beneficiary Advice Information 142 InstructionInformation Subfield 2: Additional Information Advice Information (and Advice Advice Information (and Advice (and Subfield 1: Instruction is Code = CHECK. LTR.01 FIToFICustomer CreditTransferV01 TELB E F MT 103 Core Single Customer Credit Transfer :23E: Instruction Code Subfield 1: Instruction = TELB :23E: Instruction Code G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment 1 {6410} Beneficiary Advice Information Advice Code: LTR.

LTR.008.008.001.01 FIToFICustomerCreditTransferV01 to MT 103 Core Single Customer Credit Transfer 30 November 2007 Page 12 .SWIFTStandards Translation Rules A C D pacs. LTR.001. TLX or WRE) Advice Information (and Advice ''PHON'' or "TELE") Code = P or C) :72: {6100} [610] Sender to Receiver Information Receiver FI Information Receive Bank Advice Information Code: REC or {6500} FI to FI Information or [650] General Advice Information 153 154 Purpose RegulatoryReporting 155 156 RelatedRemittanceInformation RemittanceInformation :77B: Regulatory Reporting :70: Remittance Information {6000} Originator to Beneficiary Information [600] Originator to Beneficiary Information 157 MX pacs.01 FIToFICustomer CreditTransferV01 InstructionInformation B E F MT 103 Core Single Customer Credit Transfer :23E: Instruction Code G Fedwire CTR H CHIPS Non-Bank Translation Rules I Comment 1 151 152 {6210} [621] Intermediary FI Advice Information Intermediary Bank Advice Information Subfield 2: Additional Information Advice Information (and Advice (and Subfield 1: Instruction is Code = PHN. TLX or WRE) Advice Information (and Advice "PHOI" or "TELI") Code = P or C) :23E: {6310} [631] Instruction Code Beneficiary's FI Advice Information Beneficiary's Bank Advice Information Subfield 2: Additional Information Advice Information (and Advice (and Subfield 1: Instruction is Code = PHN.

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