Format Description
SWIFT FIN MT101
Rabobank
COLOPHON
Title
Format Description SWIFT FIN MT101
Version, date
1.25, September 2015
On behalf of
Corporate Client Channels
Contact address
Rabobank Nederland,
Croeselaan 18,
Postbus 2626
3500 HG Utrecht
.
@ Rabobank, 2015
No part of this publication may be reproduced in any form by print, photo print, microfilm
or any other means without written permission by Rabobank.
Content
SWIFT FIN MT101: Request for transfer
3
1
Introduction
3
2
General information
3
3
Specific field descriptions within format structure
4
7
Appendix 1: Change log
Format Description SWIFT FIN MT101
September 2015
2
SWIFT FIN MT101: Request for transfer
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.
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.
• Foreign 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.
.
Format Description SWIFT FIN MT101
September 2015
3
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.
Sequence A (Common File Elements)
Field
Mandatory
/ Optional
20
Format, Content, Options
[]=optional !=Fixed length
a=text x=alphanumeric
d=numeric with decimal
separator n=numeric
16x
M
Sender’s Reference
21R
16x
O
28D
5n/5n
M
Customer Specified
Reference
Message
index/Total
50a
C or L
O
Instructing party
50a
F, G or H
O
Ordering Customer
52a
A en C
O
51A
[/1!a][/34x]
4!a2!a2!c[3!c]
6!n
O
Account Servicing
institution
Sending Institution
30
M
Field name
Requested
Execution Date
Comments/Rabobank Specific
Must be unique per message,
duplicates are rejected.
This reference is ignored.
Must contain (nnnn) 1/ (nnnn) 1.
Chained messages are not
processed and are rejected.
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 VII compliant.
If used, must contain a valid BIC.
This date may be future dated at a
maximum of 30 calendar days ahead
from the message 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
35x
Format Description SWIFT FIN MT101
O
Authorization
September 2015
This field is ignored.
4
Sequence B (Transaction details)
Field
Field name
Comments/Rabobank Specific
Mandatory
/ Optional
21
21F
23E
Format, Content,
Options
[]=optional !=Fixed
length a=text
x=alphanumeric
d=numeric with
decimal separator
n=numeric
16x
16x
4!c[/30x]
M
O
O
Transaction reference
F/X Deal reference
Instruction code
Must be unique within the message.
This reference is ignored.
32B
3!a15d
M
Currency/Transaction
amount
Max amount: 999.999.999,99
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.
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
C or L
O
Instructing party
Option C is rejected, option L is ignored.
50a
F, G or H
O
Ordering Customer
Option F and G will be rejected.
Option H: account number (IBAN)/name is
mandatory and must be FATF VII compliant.
52a
A or C
O
Field 52a option A and C are ignored.
56a
A, C or D
A, C or D
O
Account Servicing
institution
Intermediary
Account with
institution
Only option A is supported. Must be present for
both Euro and foreign payments.
57a
M
Field 56a option A, C and D are ignored.
1 If field 23E is empty, the payment order will be considered non urgent SCT or non urgent crossborder, depending on currency,
beneficiary and beneficiary bank details (57a).
Format Description SWIFT FIN MT101
September 2015
5
Field
Mandatory
/ Optional
59a
M
Beneficiary
70
4*35x
O
77B
3*35x
O
Remittance
information
Regulatory reporting
33B
3!a15d
O
Currency/original
ordered amount
Is ignored.
71A
3!a
M
Details of charges
Is ignored for Euro Payments.
Rabobank only accepts SHA for any cross
border payment in a PSD currency to a PSD
country. Non-compliant orders are rejected.
25A
/34x
O
Charges account
Is ignored.
36
12d
O
Exchange rate
Is ignored.
Format Description SWIFT FIN MT101
Field name
Comments/Rabobank Specific
Format, Content,
Options
[]=optional !=Fixed
length a=text
x=alphanumeric
d=numeric with
decimal separator
n=numeric
No letter option or A
September 2015
Option A is rejected.
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).
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.
Is ignored.
6
Appendix 1: Change log
Title:
Version:
Date:
By:
Address:
Format Description SWIFT FIN MT101
1.25
01-09-2015
Corporate Client Channels
Rabobank Nederland, Zakelijke Klantkanalen
Leidseveer 35, 3511 SB Utrecht
P.O. box 17100
3500 HG Utrecht
Date
Version
Change
Change reason
31-03-2015
1.23
Field 59a, it is mandatory to provide the
ISO Country Code.
Clarification
31-3-2015
1.23
Field 57 changed into manditory
Correction
31-3-2015
1.23
Field 32B changed into manditory.
Correction
01-06-2015
1.24
Change log added to this document
Improvement
01-06-2015
1.24
Layout changes
Improvement
01-06-2015
1.24
Field 32B, max. amount. There is no
Improvement
difference anymore between RI and local
bank accounts.
01-09-2015
1.25
Clarification
01-09-2015
1.25
Clarification
Format Description SWIFT FIN MT101
September 2015
7