SWIFT ISO15022 Standard
Detail view for message MT107 - General Direct Debit Message
Purpose of the message MT107
To order the debit of a debtor's account and to collect payment from this account
Scope of the message MT107
This message is sent by the creditor's financial institution or another financial institution, to the debtor's financial Institution or another financial institution, on behalf of the creditor, to order the debit of the debtor's account and to collect payment from this account.
Structure of the message MT107
Sequence A - General information [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
20
Sender's Reference
M
2
23E
Instruction Code
C
3
21E
Registration Reference
C
4
30
Requested Execution Date
M
5
51A
Sending Institution
O
6
50a
C
Instructing Party
C
L
7
50a
A
Creditor
C
K
8
52a
A
Creditor's Bank
C
C
D
9
26T
Transaction Type Code
C
10
77B
Regulatory Reporting
C
11
71A
Details of Charges
C
12
72
Sender to Receiver Information
C
Sequence B - Transaction Details [ mandatory, repetitive ]
No.
Tag
Option
Name
Status
13
21
Transaction Reference
M
14
23E
Instruction Code
C
15
21C
Mandate Reference
O
16
21D
Direct Debit Reference
O
17
21E
Registration Reference
C
18
32B
Currency and Transaction Amount
M
19
50a
C
Instructing Party
C
L
20
50a
A
Creditor
C
K
21
52a
A
Creditor's Bank
C
C
D
22
57a
A
Debtor's Bank
O
C
D
23
59a
Debtor
M
A
24
70
Remittance Information
O
25
26T
Transaction Type Code
C
26
77B
Regulatory Reporting
C
27
33B
Currency/Original Ordered Amount
O
28
71A
Details of Charges
C
29
71F
Sender's Charges
C
30
71G
Receiver's Charges
C
31
36
Exchange Rate
C
Sequence C - Settlement Details [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
32
32B
Currency and Settlement Amount
M
33
19
Sum of Amounts
C
34
71F
Sum of Sender's Charges
C
35
71G
Sum of Receiver's Charges
C