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SWIFT ISO15022 Standard
Detail view for message MT102 - Multiple Customer Credit Transfer

 Purpose of the message MT102

Conveys multiple payment instructions between financial institutions

 Scope of the message MT102

This message is sent by or on behalf of the financial institution of the ordering customer(s) to another financial institution for payment to the beneficiary customer.

It requests the Receiver to credit the beneficiary customer(s) directly or indirectly through a clearing mechanism or another financial institution, or to issue a cheque to the beneficiary.

This message is used to convey multiple payment instructions between financial institutions for clean payments. Its use is subject to bilateral/multilateral agreements between Sender and Receiver.

Amongst other things, these bilateral agreements cover the transaction amount limits, the currencies accepted and their settlement. The multiple payments checklist included below is recommended as a guide for institutions in the setup of their agreements.

  Structure of the message MT102

Sequence A - General information  [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
20 
 
File Reference
M
2
23 
 
Bank Operation Code
M
3
51A
 
Sending Instruction
O
4
50a
A
Ordering Customer
C
 
 
F
 
 
 
 
K
 
 
5
52a
A
Ordering Institution
C
 
 
B
 
 
 
 
C
 
 
6
26T
 
Transaction Type Code
C
7
77B
 
Regulatory Reporting
C
8
71A
 
Details of Charges
C
9
36 
 
Exchange Rate
C
Sequence B - Transaction Details  [ mandatory, repetitive ]
No.
Tag
Option
Name
Status
10
21 
 
Transaction Reference
M
11
32B
 
Transaction Amount
M
12
50a
A
Ordering Customer
C
 
 
F
 
 
 
 
K
 
 
13
52a
A
Ordering Institution
C
 
 
B
 
 
 
 
C
 
 
14
57a
A
Account With Institution
O
 
 
C
 
 
15
59a
 
Beneficiary Customer
M
 
 
A
 
 
 
 
F
 
 
16
70 
 
Remittance Information
O
17
26T
 
Transaction Type Code
C
18
77B
 
Regulatory Reporting
C
19
33B
 
Currency/Instructed Amount
C
20
71A
 
Details of Charges
C
21
71F
 
Sender's Charges
C
22
71G
 
Receiver's Charges
C
23
36 
 
Exchange Rate
C
Sequence C - Settlement Details  [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
24
32A
 
Value Date, Currency Code, Amount
M
25
19 
 
Sum of Amounts
O
26
71G
 
Sum of Receiver's Charges
C
27
13C
 
Time Indication
O
28
53a
A
Sender's Correspondent
O
 
 
C
 
 
29
54A
 
Receiver's Correspondent
O
30
72 
 
Sender to Receiver Information
O