SWIFT FIN MT101 version 1.3.3
November 2019
Contents
1.
2.
SWIFT FIN MT101: REQUEST FOR TRANSFER
3
1.1
Introduction
3
1.2
General information
3
1.3
Specific field descriptions within format structure
3
TECHNICAL DESCRIPTION
4
CHANGE LOG
Rabobank
8
Format Description SWIFT FIN MT101
November 2019 | Version 1.3.3
2
1. SWIFT FIN MT101: Request for transfer
1.1 Introduction
This document indicates the Rabobank specific requirements for fields within the MT101 standard format structure. If the field is not mentioned in the underlying document, the standard SWIFT description
is leading, as indicated in the user handbook on www.swift.com.
1.2 General information
The MT101 is a Request For Transfer and is sent by the corporate to the financial institution. It is used
to move funds from the ordering customer’s account, serviced at the receiving financial institution.
The MT101 can be used to initiate:
Euro Payments, payments in Euro within the E.E.A.
World payments, payments in a foreign currency and/or outside the E.E.A.
A MT101 can contain one or more payment transactions (with a maximum of 60 transactions per
MT101). Rabobank accepts both single and multiple MT101-messages, as long as only one debit
account is present in sequence A of the MT101.
1.3 Specific field descriptions within format structure
The MT101 message can be send to Rabobank, and should be formatted as indicated in the user
handbook on www.swift.com. However, all MT101 messages must also comply with the Rabobank specific rules, as indicated below in chapter 2 ‘Technical description’.
Rabobank
Format Description SWIFT FIN MT101
November 2019 | Version 1.3.3
3
2. Technical description
Sequence A (Common File Elements)
Field
/
Subfield
Mandatory /
Optional
Fieldname
Format, Content, Options
[ ]=optional !=fixed length
a=text x=alphanumeric
d=numeric with decimal separator
n=numeric
Remarks
20
M
Sender’s Reference
16x
Must be unique per message, duplicates
are rejected.
21R
O
Customer Specified
Reference
16x
This reference is ignored.
28D
M
Message index/Total
5n/5n
Must contain (nnnn) 1 / (nnnn) 1.
Chained messages are not processed and
are rejected.
50a
O
Instructing party
Option C:
4!a2!a2!c[3!c]
(Identifier Code)
Option L:
35x
(Party Identifier)
Option F:
35x
4*35x
(Party Identifier)
(Name and Address)
Option G:
/34x
4!a2!a2!c[3!c]
(Account)
(Identifier Code)
Option H:
/34x
4*35x
(Account)
(Name and Address)
Option A:
[/1!a][/34x]
4!a2!a2!c[3!c]
(Party Identifier)
(Identifier Code)
Option C:
/34x
(Party Identifier)
50a
52a
O
O
Ordering Customer
Account Servicing
Institution
Option C is rejected, option L is ignored.
- Options F and G are rejected.
- Option H: accountnumber (IBAN) / name
is mandatory and must be FATF – 16 compliant.
NOTE for Option H:
In case of an Urgent Europayment within
NL, IBAN is mandatory. Field 23E must also
be filled with URGP. If in this case IBAN is
absent, the payment order is rejected.
51A
O
Sending Institution
Option A:
[/1!a][/34x]
(Party Identifier)
4!a2!a2!c[3!c] (Identifier Code)
If used, must contain a valid BIC.
30
M
Requested Execution
Date
6!n
This date may be future dated at a maximum
of 30 calendar days ahead from the message
date.
(Date)
Please note:
- Future dated requests for transfer cannot be
cancelled!
- Messages with a requested execution date
more than 5 days in the past are rejected.
25
Rabobank
O
Authorization
35x
Format Description SWIFT FIN MT101
This field is ignored.
November 2019 | Version 1.3.3
4
Sequence B (Transaction details)
Field Manda/
tory /
Sub- Optional
field
Fieldname
Format, Content, Options
[ ]=optional !=fixed length
a=text x=alphanumeric
d=numeric with decimal separator
n=numeric
Remarks
21
M
Transaction reference
16x
Must be unique within the message.
21F
O
F/X Deal reference
Option F:
16x
This reference is ignored.
23E
O
Instruction code
Option E:
4!c[/30x]
(Instruction Code)(Additional Information)
The following codes are supported:
PHON, URGP, RTGS (payment order is handled as urgent payment)
INTC (requires a bilateral agreement. Without an agreement, this code results in rejection).
OTHR/DMST and OTHR/INTL are processed.
CHQB, CMSW, CMTO, CMZB and REPA are
ignored.
All other code words result in a rejection
of the request 1.
Note: there is no difference any more
between a regular and an urgent World Payment. All World Payments are processed as
soon as possible.
32B
M
Currency/Transaction
amount
Option B:
3!a15d
Max amount: 999.999.999,99
(Currency)(Amount)
Restriction: for accounts held at Local
Member Banks of Rabobank, currency
conversion is allowed for transactions up
to EUR 500.000 or its foreign currency
equivalent. Currency conversion is not allowed for transactions with a value over
EUR 500.000 or its foreign currency equivalent (Currency of ordering customer account must be equal to the currency of
the transaction).
50a
O
Instructing party
Option C is rejected, option L is ignored.
Option C:
4!a2!a2!c[3!c]
(Identifier Code)
Option L:
35x
(Party Identifier)
1 If field 23E is empty, the payment order will be considered non urgent SCT.
Rabobank
Format Description SWIFT FIN MT101
November 2019 | Version 1.3.3
5
Field Manda/
tory /
Sub- Optional
field
Fieldname
Format, Content, Options
[ ]=optional !=fixed length a=text
x=alphanumeric d=numeric with
decimal separator n=numeric
Remarks
50a
Ordering Customer
Option F:
35x
4*35x
(Party Identifier)
(Name and Address)
- Option F and G are rejected.
- Option H: account number (IBAN) / name
is mandatory and must be FATF 16 compliant.
Option G:
/34x
4!a2!a2!c[3!c]
(Account)
(Identifier Code)
Option H:
/34x
4*35x
(Account)
(Name and Address)
Option A:
[/1!a][/34x]
4!a2!a2!c[3!c]
(Party Identifier)
(Identifier Code)
Option C:
/34x
(Party Identifier)
Option A:
[/1!a][/34x]
4!a2!a2!c[3!c]
(Party Identifier)
(Identifier Code)
Option C:
/34x
(Party Identifier)
Option D:
[/1!a][/34x]
4*35x
(Party Identifier)
(Name and Address)
Option A:
[/1!a][/34x]
4!a2!a2!c[3!c]
(Party Identifier)
(Identifier Code)
Option C:
/34x
(Party Identifier)
Option D:
[/1!a][/34x]
4*35x
(Party Identifier)
(Name and Address)
52a
56a
57a
59a
Rabobank
O
O
O
M
M
Account Servicing
Institution
Intermediary
Account with institution
Beneficiary
NOTE for Option H:
In case of an Urgent Europayment within
NL, IBAN is mandatory. Field 23E must also
be filled with URGP. If in this case IBAN is
absent, the payment order is rejected.
Field 52a option A and C are ignored.
Field 56a option A, C and D are ignored.
No letter
option:
[/34x]
4*35x
(Account)
(Name and Address)
Option A:
[/34x]
4!a2!a2!c[3!c]
(Account)
(Identifier Code)
Format Description SWIFT FIN MT101
- Option A is supported. Must be present for
both Euro and World payments.
- Options C and D are rejected.
- Option A is rejected.
- Option F is accepted and is highly recommended.
- Beneficiary’s account number is mandatory for both domestic and cross border
payments. IBAN is mandatory for payments
in EUR to accounts within EU/EEA (incl NL).
- Name and address must be FATF - 16
November 2019 | Version 1.3.3
6
Field Manda/
tory /
Sub- Optional
field
Fieldname
Format, Content, Options
[ ]=optional !=fixed length
a=text x=alphanumeric
d=numeric with decimal separator
n=numeric
Remarks
Option F:
[/34x]
4*(1!n/33x)
compliant. It’s mandatory to provide at least
3 lines filled with name and address. At the
end of the last line (3 or 4) filled, the country
ISO code must be provided, preceded with a
single space.
(Account)
(Number)/(Name and
Address Details)
70
O
Remittance information
4*35x
(Narrative)
77B
O
Regulatory reporting
Option B:
3*35x
(Narrative)
Currency/original
ordered amount
Option B:
3!a15d
(Currency)(Amount)
Details of charges
Option A:
3!a
(Code)
Option A:
/34x
(Account)
12d
(Rate)
33B
71A
25A
36
Rabobank
O
M
O
O
Charges account
Exchange rate
Is ignored.
Is ignored.
If the beneficiary’s bank and the remitter's
bank are located in the EEA, payments in the
currencies of the EEA can be originated only
with the 'shared costs' type of bank charges
(SHA), else the payment are rejected.
Is ignored.
Format Description SWIFT FIN MT101
Is ignored.
November 2019 | Version 1.3.3
7
Change log
Title
:
Format Description SWIFT FIN MT101
Version
:
1.3.3
Date
:
14-11-2019
On behalf of
:
Corporate Clients Channels
Contact
:
corporatesupport@rabobank.com
Date
Version
14-11-2019 1.3.3
Rabobank
Change
Change reason
Field 50a: option H changed.
In case of an Urgent Europayment within NL, providing IBAN is
mandatory.
Change
Format Description SWIFT FIN MT101
November 2019 | Version 1.3.3
8