Narratives and notes on this SWIFT MT940 messageīelow we provide some narratives and notes about the SWIFT MT940 statement message to better understand its meaning and content. Read this page on the SWIFT formatting rules and Character sets of MT Messages to get additional information and understand what 16x, 35x and the format of the field options mean. The C at the beginning means it is a Credit balance. Non Governmental Organization Transaction
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The ordering party is identified with the preceding code /ORDP/. Optional field populated in format 6*65x. NONREF: No reference was provided by the sender.īNPPOWNREF896: Own reference assigned to the transaction by BNPAFRPP. NBOE: N for Non-SWIFT Transfer, BOE Bill Of Exchange REMI/ indicates that /INV/8299389 comes from the remittance information (F70). The beneficiary party is identified with the preceding code /BENM/. Reference of the Account Servicing Institution and Supplementary Details are not populated. The original MT202 was initiated by BNPAFRPP. S202: S for SWIFT Transfer, 202 for the Message Type sent.īNPPOWNREF789: For a debit entry, the Reference for the Account Owner is the field 20 Sender's Transaction Reference Number (or its equivalent) of the original instruction. The information to Account owner is not provided for the 1st transaction.
In case BNPAFRPP initiated the transaction, this would be populated in the preceding field and this one could remain empty. The original MT103 was initiated by another institution, not by BNPAFRPP.īNPPOWNREF984: Own reference assigned to the transaction by BNPAFRPP. ORIGREF242: For a debit entry, the Reference for the Account Owner is the field 20 Sender's Transaction Reference Number (or its equivalent) of the original instruction.
S103: S for SWIFT Transfer, 103 for the Message Type received. The last element supplementary details must be on a new line. In D/C Mark, C for Credit Balance and D for Debit balance. Mandatory and of format 1!a6!n3!a15d (D/C Mark)(Date)(Currency)(Amount). The sequence number 1 might have been omitted. Only one message is sent for this statement. Mandatory and of format 5n for statement number/sequence number. Mandatory and of format 35x (No letter option). This is the Sender's Reference specific to this MT940. All the fields below are in the text block of the MT940 message. This introduces the Text block (block 4). The Receiver BIC appears in header block (Block 1) in the MT940 Output and in the application block (Block 2) in the MT940 Input. The message type is the second field of the block 2. The Sender BIC appears in header block (Block 1) in the MT940 Input and in the application block (Block 2) in the MT940 Output. We have three entries in the statement: two debit entries and one credit entry. Additional comments are provided to ease the understanding of each field and what it is used for. On the table below, you see the fields that are transported in the SWIFT MT940 message sent by BNPP to Citi. SWIFT MT940 Customer Statement Message to a financial institution account owner
It is a SWIFT MT940 sent to an account owner which is a bank, in our case Citibank New York that has a correspondent account with BNP Paribas Paris as we see on the picture below. In this article, we will consider an example of SWIFT MT940 and analyze the content. You can read the SWIFT MT940 message specifications here. It then receives SWIFT MT940 from various banks and delivers them to the account owner. or to financial institution authorised by account owner to receive it – The authorised financial institution can also play the role of a concentrating financial institution for an account owner.either directly to the account owner – In the SWIFT world account owners are banks or corporations.It is basically an account statement and therefore provide detailed information about all entries booked to an account. The SWIFT MT940 is called Customer Statement Message.
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