Standards MT November 2021

Standards Release Guide

Updates to the Standards Release Guide
This document describes updates to the Standards Release Guide (SRG) that have been identified since the
publication of the SRG in December 2020.

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Standards MT November 2021
Updates to the Standards Release Guide Table of Contents

Table of Contents
Preface .................................................................................................................................................3
1 Summary of Updates................................................................................................................4
2 Updates by Category................................................................................................................5
2.1 Category 1 – Customer Payments and Cheques ...................................................................5
2.2 Category 2 – Financial Institution Transfers ...........................................................................5
2.3 Category 3 – Foreign Exchange, Money Markets, and Derivatives .......................................5
2.4 Category 4 – Collections and Cash Letters ............................................................................5
2.5 Category 5 – Securities Markets .............................................................................................5
2.6 Category 6 – Commodities and Reference Data ....................................................................8
2.7 Category 7 – Documentary Credits and Guarantees/Standby Letters of Credit.....................8
2.8 Category 8 – Travellers Cheques ...........................................................................................9
2.9 Category 9 – Cash Management and Customer Status .........................................................9
2.10 Category n – Common Group Messages ...............................................................................9
Legal Notices ....................................................................................................................................10

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Standards MT November 2021
Updates to the Standards Release Guide Preface

Preface
About this document
The Updates to the Standards Release Guide (SRG) 2021 provides a list of updates to the
Standards Release Guide (SRG) that was published in December 2020.
The Standards Release Guide and the Updates to the Standards Release Guide constitute
the final documentation based on which SWIFT users and partners must implement SR
2021. The live date for SR 2021 is 21 November 2021. All updates mentioned in this
document will appear in the Standards MT User Handbook, which is due for publication on
23 July 2021.
Related documentation
• Standards Release Guide 2021 - 18 December 2020
Schedule for 2021 - Highlights
The complete schedule can be found on www.swift.com.

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Standards MT November 2021
Updates to the Standards Release Guide Summary of Updates

1 Summary of Updates
For each update, the type of change is provided:
• Clarification: an update to further explain a section of the Standards Release Guide,
such as an update to the text of a network validated rule, to avoid misinterpretation.
• Correction: an update to remove or modify a change made during the standards
specification phase, for example, correction of details in a diagram.

Note The Standards MT User Handbook, to be published on 23 July 2021, will also
include corrections of typographical errors and editorial changes, which have no
impact on implementation.

Category Message type Brief description Type of change

Category 5 MT 527 Allow sequence to be repeated Clarification

Category 5 MT 537 Correct (sub)sequence number in network Correction

validated rule

Category 5 MT 548 Correct (sub)sequence number in network Correction

validated rule
Category 5 MT 569 Delete network validated rule Correction

Category 7 MT 759 Change definition of code Clarification

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Standards MT November 2021
Updates to the Standards Release Guide Updates by Category

2 Updates by Category
2.1 Category 1 – Customer Payments and Cheques
There are no updates to the SRG 2021 for this category. The SR 2021 changes are
described in the SRG zip file.

2.2 Category 2 – Financial Institution Transfers

There are no updates to the SRG 2021 for this category. The SR 2021 changes are
described in the SRG zip file.

2.3 Category 3 – Foreign Exchange, Money Markets,

and Derivatives
There are no updates to the SRG 2021 for this category. The SR 2021 changes are
described in the SRG zip file.

2.4 Category 4 – Collections and Cash Letters

There are no updates to the SRG 2021 for this category. The SR 2021 changes are
described in the SRG zip file.

2.5 Category 5 – Securities Markets

Please see below the changes to the SRG 2021 for Category 5. These changes must be
applied on top of the changes described in the SRG zip file.

2.5.1 MT 527, sequence E, allow sequence to be repeated

Optional Repetitive Sequence E Additional information
M 16R Start of Block ADDINFO 50
----->
O 95a 4!c Party (see qualifier description) C,L,P,Q, or R 51
-----|
M 16S End of Block ADDINFO 52
End of Sequence E Additional Information

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Standards MT November 2021
Updates to the Standards Release Guide Updates by Category

2.5.1.1 MT 527, index 51, field 95a, sequence E, make qualifier INVE non-
repetitive
QUALIFIER
(Error code(s): T89)
Order M/O Qualifier R/N CR Options Qualifier Description
1 O MEOR N C4 P, Q, or R Originator of Message
2 O MERE N C4 P, Q, or R Recipient of Message
3 O ISSU N C4 P, Q, or R Issuer
4 O INVE RN C4 C, P, Q, or Investor
R
5 O ALTE N C4 L Party Alternate Identification

2.5.2 MT 537, network validated rule C15, correct sequence

number
C15
In sequence D1a1B1a1 (Reason)D1a1, if field 24B is present, or field
70D, then field 25D in sequence D1a1B1a must be present (Error
code(s): E32).
2.5.2.1 MT 537, index 90, field 25D, sequence D1a1, add link to network
validated rule
PRESENCE
Optional Conditional (see rule C15) in optional subsequence D1a1
2.5.2.2 MT 537, index 91, field 24B, sequence D1a1, add link to network
validated rule
PRESENCE
Optional (referenced in rule C15) in optional subsequence D1a1
2.5.2.3 MT 537, index 92, field 70D, sequence D1a1, add link to network
validated rule
PRESENCE
Optional (referenced in rule C15) in optional subsequence D1a1
2.5.2.4 MT 537, index 122, field 25D, sequence D1a1B1a, delete link to network
validated rule C15
PRESENCE
Mandatory (see rule C15, also referenced in rule C8) in optional
subsequence D1a1B1a
2.5.2.5 MT 537, index 124, field 24B, sequence D1a1B1a1, delete link to network
validated rule C15
PRESENCE
Mandatory (referenced in rules C15 and C8) in optional subsequence
D1a1B1a

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Standards MT November 2021
Updates to the Standards Release Guide Updates by Category

2.5.2.6 MT 537, index 125, field 70D, sequence D1a1B1a1, delete link to network
validated rule
PRESENCE
Optional (referenced in rule C15) in optional subsequence D1a1B1a1
2.5.3 MT 548, network validated rule C9, correct sequence number
C9
In each occurrence of sequence C1a, if field :95L::ALTE is present, then
field :95a::ASDP must be present in the same occurrence of the
sequence DC1a (Error code(s): E98).
In each occurrence of sequence C1a, if field :95L::ALRP is present, then
field :95a::REPA must be present in the same occurrence of the
sequence DC1a (Error code(s): E98).
2.5.4 MT 548, network validated rule C15, correct sequence
number
C15
In sequence C1a1B1a1 (Reason)C1a1, if field 24B is present, or field
70D, then field 25D in sequence C1a1B1a must be present (Error
code(s): E32).
2.5.4.1 MT 548, index 50, field 25D, sequence C1a1, add link to network
validated rule
PRESENCE
Optional Conditional (see rule C15) in optional subsequence C1a1
2.5.4.2 MT 548, index 51, field 24B, sequence C1a1, add link to network
validated rule
PRESENCE
Optional (referenced in rule C15) in optional subsequence C1a1
2.5.4.3 MT 548, index 52, field 70D, sequence C1a1, add link to network
validated rule
PRESENCE
Optional (referenced in rule C15) in optional subsequence C1a1
2.5.4.4 MT 548, index 82, field 25D, sequence C1a1B1a, delete link to network
validated rule
PRESENCE
Mandatory (see rule C15, also referenced in rule C6) in optional
subsequence C1a1B1a

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Standards MT November 2021
Updates to the Standards Release Guide Updates by Category

2.5.4.5 MT 548, index 84, field 24B, sequence C1a1B1a1, delete link to network
validated rule
PRESENCE
Mandatory (referenced in rules C15 and C6) in optional subsequence
C1a1B1a
2.5.4.6 MT 548, index 85, field 70D, sequence C1a1B1a1, delete link to network
validated rule
PRESENCE
Optional (referenced in rule C15) in optional subsequence C1a1B1a1
2.5.5 MT 569, network validated rule C6, delete network validated
rule
C6
In each occurrence of subsequence C1, if field :95L::ALTE is present,
then field :95a::PTYB or :95a::CLPB or :95a::TRAG must be present
(Error code(s): E98).
2.5.5.1 MT 569, index 31, field 95a, sequence C1, delete link to network
validated rule
QUALIFIER
(Error code(s): T89)
Order M/O Qualifier R/N CR Options Qualifier Description
1 M PTYB N C6 P, Q, or Party B
R
2 O CLPB N C6 P, Q, or Party B’s Client
R
3 O TRAG N C6 P, Q, or Triparty Agent
R
4 O ALTE N C6 L Alternate Identification

2.6 Category 6 – Commodities and Reference Data

There are no updates to the SRG 2021 for this category. The SR 2021 changes are
described in the SRG zip file.

2.7 Category 7 – Documentary Credits and

Guarantees/Standby Letters of Credit
Please see below the changes to the SRG 2021 for Category 7. These changes must be
applied on top of the changes described in the SRG zip file.

2.7.1 MT 759, index 7, field 23H, clarify definition of code

REXTMATU
CODES
Function must contain one of the following codes (Error code(s): T48):

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Standards MT November 2021
Updates to the Standards Release Guide Updates by Category

REXTMATU Request to extend change the letter of credit maturity date

2.8 Category 8 – Travellers Cheques

There are no updates to the SRG 2021 for this category. The SR 2021 changes are
described in the SRG zip file.

2.9 Category 9 – Cash Management and Customer

Status
There are no updates to the SRG 2021 for this category. The SR 2021 changes are
described in the SRG zip file.

2.10 Category n – Common Group Messages

There are no updates to the SRG 2021 for this category. The SR 2021 changes are
described in the SRG zip file.

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Standards MT November 2021
Updates to the Standards Release Guide Legal Notices

Legal Notices
Copyright
SWIFT © 2021. All rights reserved.

Disclaimer
This publication constitutes advance information only and is not to be considered the final and complete standards
documentation for the subject matter published herein. The information in this publication may change from time to
time. You must always refer to the latest available version.

SWIFT Standards Intellectual Property Rights (IPR) Policy - End-User License Agreement
SWIFT Standards are licensed subject to the terms and conditions of the SWIFT Standards IPR Policy - End-User
License Agreement, available at www.swift.com > About Us > Legal > IPR Policies > SWIFT Standards IPR Policy.

Translations
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