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MT103 (Message Type 103) is a Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment message type/format used by financial institutions for customer cash transfers specifically for cross border/international wire transfer.

MT103 fields[edit]

Below are the fields of an MT103 message. These fields are referred to as tags.

Tag Name
20 Transaction reference number (sender's reference)
13C Time Indication
23B Bank operation code
23E Instruction Code
26T Transaction Type Code
32A Value date / currency / interbank settled amount
33B Currency / original instructed amount
36 Exchange Rate
50A, F or K Ordering customer (payer) or address of the remitter.
51A Sending Institution
52A or D Ordering Institution (payer's bank)
53A, B or D Sender's Correspondent (bank)
54A, B or D Receiver's Correspondent (bank)
55A, B or D Third Reimbursement Institution (bank)
56A, C or D Intermediary Institution (bank)
57A, B, C or D Account With Institution (beneficiary's bank)
59 or 59A Beneficiary Customer 4x35
70 Remittance Information
71A Details of charges (OUR/SHA/BEN)
71F Sender's Charges
71G Receiver's Charges
72 Sender to receiver information
77B Regulatory reporting

In the above table, tags 52, 53, 54, 55, 56, and 57 preferably contain ISO 9362 Business Identifier Codes (BICs), whereas tags 50 and 59 preferably contain an account number or a BIC.

As per SWIFT standards, the account number is to be in IBAN (International Bank Account Number) format or in BBAN format (for domestic payments).[1]


  1. ^ "SWIFT Message Type Reference". SWIFT Integration Projects. Oracle. Retrieved 2016-04-29.