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SWIFT ISO15022 Standard
Detail view for message MT101 - Request for Transfer

 Purpose of the message MT101

Requests to debit a customer's account held at the receiver or at another institution

 Scope of the message MT101

This message is:

  • sent by a financial institution on behalf of a non-financial institution account owner, to an account servicing financial institution or to a forwarding financial institution for further transmission to the account servicing institution.
  • sent by a non-financial institution account owner, or a party authorised by the account owner, to an account servicing financial institution or to a forwarding financial institution for further transmission to the account servicing institution.

It is used to move funds from the ordering customer's account(s) serviced at the receiving financial institution or at the account servicing institution, or from an account(s) owned by the ordering customer which the instructing customer has explicit authority to debit, for example, a subsidiary account.

The MT 101 can be used to order the movement of funds:

  • between ordering customer accounts, or
  • in favour of a third party, either domestically or internationally.

  Structure of the message MT101

Sequence A - General information  [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
20 
 
Sender's Reference
M
2
21R
 
Customer Specified Reference
O
3
28D
 
Message Index/Total
M
4
50a
C
Instructing Party
C
 
 
L
 
 
5
50a
F
Ordering Customer
C
 
 
G
 
 
 
 
H
 
 
6
52a
A
Account Servicing Institution
C
 
 
C
 
 
7
51A
 
Sending Institution
O
8
30 
 
Requested Execution Date
M
9
25 
 
Authorisation
O
Sequence B - Transaction Details  [ mandatory, repetitive ]
No.
Tag
Option
Name
Status
10
21 
 
Transaction Reference
M
11
21F
 
F/X Deal Reference
C
12
23E
 
Instruction Code
O
13
32B
 
Currency/Transaction Amount
M
14
50a
C
Instructing Party
C
 
 
L
 
 
15
50a
F
Ordering Customer
C
 
 
G
 
 
 
 
H
 
 
16
52a
A
Account Servicing Institution
C
 
 
C
 
 
17
56a
A
Intermediary
O
 
 
C
 
 
 
 
D
 
 
18
57a
A
Account With Institution
C
 
 
C
 
 
 
 
D
 
 
19
59a
 
Beneficiary
M
 
 
A
 
 
 
 
F
 
 
20
70 
 
Remittance Information
O
21
77B
 
Regulatory Reporting
O
22
33B
 
Currency/Original Ordered Amount
C
23
71A
 
Details of Charges
M
24
25A
 
Charges Account
O
25
36 
 
Exchange Rate
C
  
MT102 - Multiple Customer Credit Transfer   ►