MT103 - wikipedia MT103 For the drug, see Blinatumomab. MT103 is a SWIFT payment message type / format used for cash transfer specifically for cross border / international wire transfer. Specification of SWIFT MT SWIFT messages consist of five blocks of the data including three headers, message content, and a trailer. Message types are crucial to identifying content. Below are different SWIFT message types Message Type Description MT0xx System Messages MT1xx Customer Payments and Cheques MT2xx Financial Institution Transfers MT3xx Treasury Markets MT4xx Collection and Cash Letters MT5xx Securities Markets MT6xx Treasury Markets - Metals and Syndications MT7xx Documentary Credits and Guarantees MT8xx Travelers Cheques MT9xx Cash Management and Customer Status All SWIFT messages include the literal `` MT '' ( Message Type ). This is followed by a three - digit number that denotes the message category, group and type. Consider the following example -- MT103 : The first digit ( 1 ) represents the category. A category denotes messages that relate to particular financial instruments or services such as Cash Transfer ( 1 ), Treasury ( 3 ), or Cash Management ( 9 ). The category denoted by 1 is Cash Transfer. The second digit ( 0 ) represents a group of related parts in a transaction life cycle. The group indicated by 0 is a Financial Institution Transfer. The third digit ( 3 ) is the type that denotes the specific message. There are several hundred message types across the categories. The type represented by 3 is a notification. MT103 fields Below are the fields of an MT 103 message. These fields are referred to as tags. Field Field Name : 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 : 71A Details of Charges ( OUR / SHA / BEN ) : 72 Sender to Receiver Information : 77A Regulatory Reporting In the above table, tags 52, 53, 54, 56, and 57 preferably contain Business Identifier Codes BIC, whereas tags 50 and 59 preferably contain an account number or BIC. References Jump up ^ `` Standards document centre ''. SWIFT. 2015 - 08 - 25. Retrieved 2016 - 04 - 29. Jump up ^ `` SWIFT Message Type Reference ( SWIFT Integration Projects ) ''. docs.oracle.com. Retrieved 2016 - 04 - 29. Retrieved from `` https://en.wikipedia.org/w/index.php?title=MT103&oldid=797524354 '' Categories : Society for Worldwide Interbank Financial Telecommunication Talk About Wikipedia Add links This page was last edited on 27 August 2017, at 16 : 06. About Wikipedia

Question: what is field 20 in a swift message
Answer: Transaction Reference Number