SWIFT ISO15022 Standard
Detail view for message MT202 - General Financial Institution Transfer
Purpose of the message MT202
Requests the movement of funds between financial institutions, except if the transfer is related to an underlying customer credit transfer that was sent with the cover method, in which case the MT 202 COV must be used.
Scope of the message MT202
This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. All parties identified in the message must be financial institutions.
It is used to order the movement of funds to the beneficiary institution.
This message may also be sent to a financial institution servicing multiple accounts for the Sender to transfer funds between these accounts. In addition it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account, owned by the Sender at an institution specified in field 57a.
This message must not be used to order the movement of funds related to an underlying customer credit transfer that was sent with the cover method. For these payments the MT 202 COV or MT 205 COV must be used.
Structure of the message MT202
Message fields
1
20
Transaction Reference Number
M
Definition
This field specifies the reference assigned by the Sender to unambiguously identify the message.
Definition
This field contains a reference to the related transaction
Definition
This repetitive field specifies one or several time indication(s) related to the processing of the payment instruction.
Format
| Option C | /8c/4!n1!x4!n | (Code)(Time indication)(Sign)(Time offset) |
4
32A
Value Date, Currency Code, Amount
M
Definition
This field specifies the value date, currency and amount to be transferred.
Format
| Option A | 6!n3!a15d | (Date)(Currency)(Amount) |
5
52a
A
Ordering Institution
O
Definition
This field specifies the ordering financial institution when other than the Sender of the message.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
6
53a
A
Sender's Correspondent
O
Definition
This field specifies the account or branch of the Sender or another financial institution through which the Sender will reimburse the Receiver.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option B | [/1!a][/34x]
[35x] | (Party Identifier)
(Location) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
7
54a
A
Receiver's Correspondent
O
Definition
This field specifies the branch of the Receiver or another financial institution at which the funds will be made available to the Receiver.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option B | [/1!a][/34x]
[35x] | (Party Identifier)
(Location) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
Definition
This field specifies the financial institution through which the transaction must pass to reach the account with institution.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
9
57a
A
Account With Institution
C
Definition
This field identifies the financial institution which will pay or credit the beneficiary institution.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option B | [/1!a][/34x]
[35x] | (Party Identifier)
(Location) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
10
58a
A
Beneficiary Institution
M
Definition
This field specifies the financial institution which has been designated by the ordering institution as the ultimate recipient of the funds being transferred.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
11
72
Sender to Receiver Information
O
Definition
This field specifies additional information for the Receiver.
Format
| 6*35x | (Narrative Structured Format) |
