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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 2

1. Introduction 2

2 General information 2

3 Format Specification 2

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
Subfield Mandatory/ !=fixed length
Field Fieldname Comments / Rabobank specific
/Option Optional a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

Senders 16x
20 M
Reference

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

|
Bank Operation Only CRED allowed
23 B M 4!c
Code

Do not fill in any code, it will be

23 E O Instruction Code 4!c[/30x] ignored.

Transaction 3!c
26 T O Type code

Value date
The value date cannot be in
the past and not further in the
Value Date/ future than 30 days.
Currency / 6!n3!a15d
32 A M
Interbank Settled Amount
Amount Decimal separator is a comma.
The comma is mandatory and
is included in the max. length.

Currency / 3!a15d
33 B O Instructed
Amount

36 O Exchange Rate 12d

 Format, Content,
Option

[]=optional
Subfield Mandatory/ !=fixed length
Field Fieldname Comments / Rabobank specific
/Option Optional a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

Option F Fill in according to Appendix A

Line 1 of Rabobank Payments Policy.
Party Identifier
(Account) For SEPA payments at least an
/34x IBAN and name of the ordering
customer must be filled.
Lines 2-5 Name and
Ordering Address Usage of Subfield F is
50a F or K M
Customer 1!n/33x preferred.

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

Sending [/1!a][/34x]
51 A O
Institution 4!a2!a2!c[3!c]

Ordering
52a A or D O
Institution

This is an optional field but

mandatory for the Rabobank.

Within all the options: Always

supply the account number
(IBAN is highly recommended)
as “Party identifier” or else this
A, B, or Sender's
53 O message will be rejected.
D Correspondent
For SEPA payments at least an
IBAN and name of the ordering
customer must be filled
(=Option D).
 Format, Content,
Option

[]=optional
Subfield Mandatory/ !=fixed length
Field Fieldname Comments / Rabobank specific
/Option Optional a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

A, B or Receiver’s
54a O
D Correspondent

A, B or Third
55a O
D Reimbursement
Institution

This field is preferred not to be

filled because routing will take
A, C or place based on the Account
56a O Intermediary
D With Institution (57A) and
Institution
Rabobank’s correspondent
network”.

A,B,C or Account With 57A is highly recommended

57a O Institution
D
 Format, Content,
Option

[]=optional
Subfield Mandatory/ !=fixed length
Field Fieldname Comments / Rabobank specific
/Option Optional a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

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
No letter Beneficiary
59 M account number is
or A Customer
recommended.
Furthermore provide
beneficiaries name, address,
place and country.

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.

If the payment is on behalf of

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

Cost option SHA is obliged for

71 A M Details of 3!a EEA currencies within the
Charges EEA.
 Format, Content,
Option

[]=optional
Subfield Mandatory/ !=fixed length
Field Fieldname Comments / Rabobank specific
/Option Optional a=alfabetic
x=alfanumeric
d=numeric with
decimal
c=values codelist

71 F O Sender's 3!a
Charges

71 G O Receiver's 3!a15d
Charges

Using this field, will be

discouraged.
Sender to
72 O If this field will be used for
Receiver 6*35x
Information payments within EEA in EURO
currency, the message will be
rejected.

Regulatory
77 B O 3*35x
Reporting