SWIFTStandards

Comparison Table
pacs.008.001.01 FIToFICustomerCreditTransferV01 MT 103 Core Single Customer Credit Transfer Fedwire Customer Transfer (CTR) CHIPS Non-Bank Transfer
The SWIFTStandards Comparison Table provides an overview of the semantic equivalence between the ISO pacs.008.001.01, SWIFT MT 103, Fedwire Customer Transfer and CHIPS Non-Bank Transfer message standards.

17 April 2008 Related documentation SWIFT User Handbook, SWIFTStandards MT, relevant Message Reference Guides UNIFI (ISO 20022) Message Definition Report - Payments Standards - Clearing and Settlement and related XML schemas and instances The latest version of the SWIFT Message Reference Guides is available at www.swift.com. The latest version of the UNIFI documentation is published on the www.iso20022.org website.

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SWIFTStandards Translation Rules C D E pacs.008.001.01 FIToFICustomer 1 CreditTransferV01 2 GroupHeader MessageIdentification 3 4 CreationDateTime 5 BatchBooking NumberOfTransactions 6 7 ControlSum TotalInterbankSettlementAmou nt A B F MT 103 Core Single Customer Credit Transfer :20: Sender's Reference :32A: Value Date/Currency/Interbank Settled Amount Subfield 2: Currency Subfield 3: Interbank Settled Amount :32A: Value Date/Currency/Interbank Settled Amount Subfield 1: Value Date {1520} IMAD {2000} Amount G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

[320] Send Participant Reference [260] Amount

MT 103 and Fedwire/CHIPS CTR are single transaction messages. With NumberOfTransactions equal to 1, TotalInterbankSettlementAmount is equal to the InterbankSettlementAmount.

Currency USD implicit {1520} IMAD First 8 characters

Currency USD implicit [201] Identification Tag Element 2: Value Date

8 InterbankSettlementDate

9 10 SettlementInformation 11 SettlementMethod 12 CLRG 13 COVE 14 INDA 15 INGA SettlementAccount

:53a: Option B Sender's Correspondent Subfield 1: PartyIdentifier -

The MT 103 allows for all settlement methods (albeit implicit). For CHIPS and Fedwire, the settlement method is CLRG.

16 ClearingSystem 17

The message is sent across the Fedwire or CHIPS system, so transparent.

InstructingReimbursementA :53a: Option A, B or D gent Sender's Correspondent Subfield 2: BIC, Location or Name&Address InstructingReimbursementA :53a: Option A, B or D gentAccount Sender's Correspondent Subfield 1: PartyIdentifier

18

19

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SWIFTStandards Translation Rules A C D E F pacs.008.001.01 MT 103 Core FIToFICustomer Single Customer CreditTransferV01 Credit Transfer InstructedReimbursementA :54a: Option A, B or D Receiver's Correspondent gent Subfield 2: BIC, Location or Name&Address InstructedReimbursementA :54a: Option A, B or D Receiver's Correspondent gentAccount Subfield 1: PartyIdentifier ThirdReimbursementAgent :55a: Option A, B or D Third Reimbursement Institution Subfield 2: BIC, Location or Name&Address ThirdReimbursementAgent :55a: Option A, B or D Third Reimbursement Institution Account Subfield 1: PartyIdentifier B G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

20

21

22

23 24 PaymentTypeInformation 25 InstructionPriority 26 ServiceLevel 27 Code 28 PRPT 29 SEPA SDVA

:23E: Instruction Code Subfield 1: Instruction = SDVA //RT in Subfield 1 of first party field present (:56a: Intermediary Institution or :57a: Account With Institution) -

30 31 32 33 34

Proprietary ClearingChannel BOOK MPNS RTGS

Default for Fedwire as RTGS system

35 RTNS 36 LocalInstrument 37 38 CategoryPurpose

{3600} Business Function Code

Default for CHIPS as RTNS system -

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SWIFTStandards Translation Rules A B C D pacs.008.001.01 FIToFICustomer CreditTransferV01 INTC E F MT 103 Core Single Customer Credit Transfer :23E: Instruction Code Subfield 1: Instruction = INTC :23E: Instruction Code Subfield 1: Instruction = CORT MT Sender G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

39 CORT

40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

CASH DIVI GOVT HEDG INTE LOAN PENS SALA SECU SSBE SUPP TAXS TRAD TREA VATX WHLD InstructingAgent

{3100} Sender FI

[201] Identification Tag Element 3: Send Participant [211] Disposition Tag Element 1: Receive Participant

57 InstructedAgent MT Receiver {3400} Receiver FI

58 59 CreditTransferTransactionInformation 60 PaymentIdentification InstructionIdentification :20: 61 Sender's Reference EndToEndIdentification :70: Remittance Information 62 63 Code: ROC -

{3320} Sender Reference Number {4320} Reference for Beneficiary

[320] Send Participant Reference -

TransactionIdentification

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SWIFTStandards Translation Rules C D pacs.008.001.01 FIToFICustomer CreditTransferV01 PaymentTypeInformation InstructionPriority ServiceLevel Code PRPT SEPA SDVA A B E F MT 103 Core Single Customer Credit Transfer G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

1 64 65 66 67 68 69

:23E: Instruction Code Subfield 1: Instruction = SDVA //RT in Subfield 1 of first party field present (:56a: Intermediary Institution or :57a: Account With Institution) -

70 71 72 73 74

Proprietary ClearingChannel BOOK MPNS RTGS

Default for Fedwire as RTGS system

75 RTNS 76 LocalInstrument 77 78 CategoryPurpose INTC

{3600} Business Function Code -

Default for CHIPS as RTNS system -

:23E: Instruction Code Subfield 1: Instruction = INTC :23E: Instruction Code Subfield 1: Instruction = CORT -

79 CORT

80 81 82 83 84 85 86 87 88 89 90

CASH DIVI GOVT HEDG INTE LOAN PENS SALA SECU SSBE

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SWIFTStandards Translation Rules C D E pacs.008.001.01 FIToFICustomer CreditTransferV01 SUPP TAXS TRAD TREA VATX WHLD InterbankSettlementAmount A B F MT 103 Core Single Customer Credit Transfer :32A: Value Date/Currency/Interbank Settled Amount Subfield 2: Currency Subfield 3: Interbank Settled Amount :32A: Value Date/Currency/Interbank Settled Amount Subfield 1: Value Date 98 99 SettlementTimeIndication DebitDateTime First 8 characters :13C: Time Indication Code: SNDTIME :13C: Time Indication Code: RNCTIME :13C: Time Indication Code: CLSTIME :33B: Currency/Instructed Amount Element 2: Value Date {2000} Amount G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

1 91 92 93 94 95 96

[260] Amount

Currency USD implicit {1520} IMAD

Currency USD implicit [201] Identification Tag

97 InterbankSettlementDate

100 CreditDateTime

101 102 SettlementTimeRequest CLSTime

103 104 AcceptanceDateTime 105 PoolingAdjustmentDate InstructedAmount

{3710} Instructed Amount

[301] Charges Information Element 2: Instructed Amount

106

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SWIFTStandards Translation Rules C D pacs.008.001.01 FIToFICustomer 1 CreditTransferV01 ExchangeRate A B E F MT 103 Core Single Customer Credit Transfer :36: Exchange Rate G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

{3720} Exchange Rate

[301] Charges Information Element 3: Exchange Rate

107 108 ChargeBearer DEBT :71A: Details of Charges Code: OUR :71A: Details of Charges Code: BEN 110 SHAR :71A: Details of Charges Code: SHA 111 112 SLEV 113 ChargesInformation ChargesAmount {3700} Charges Details of Charges: S -

109 CRED

{3700} Charges Details of Charges: B

[301] Charges Information Element 1: Details of Charges (Code = 1) [301] Charges Information Element 1: Details of Charges (Code = 2) [301] Charges Information Element 4, 6, 8 or 10: Sending Charges

:71F: {3700} Sender's Charges Charges (:71A: with code "BEN" or "SHA") Currency Code or Sender's Charges :71G: Receiver's Charges (:71A: with code "OUR")

114 ChargesParty In the MT 103, Fedwire and CHIPS CTR the financial institution that has taken charges or to which charges are due is implicit to the payment chain and can within certain limits be understood from that payment chain.

115 PreviousInstructingAgent :72: Sender to Receiver Information Code: INS {5200} Instructing FI [520] or [522] Instructing Bank

116

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SWIFTStandards Translation Rules C D E pacs.008.001.01 FIToFICustomer 1 CreditTransferV01 PreviousInstructingAgentAcco unt 117 InstructingAgent MT Sender A B F MT 103 Core Single Customer Credit Transfer G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

{5200} Instructing FI ID-Code: D {3100} Sender FI

[522] Instructing Bank ID-Code: D [201] Identification Tag Element 3: Send Participant [211] Disposition Tag Element 1: Receive Participant [400] or [401] or [402] Intermediary Bank

118 InstructedAgent MT Receiver {3400} Receiver FI

119 IntermediaryAgent1 :56a: Option A, B, C or D Intermediary Institution Subfield 2: BIC, Location or Name&Address :56a: Option A, B, C or D Intermediary Institution Subfield 1: PartyIdentifier :50a: Option A, F or K Ordering Customer Subfield 2: BICBEI or Name&Address :50a: Option A, F or K Ordering Customer Subfield 1: Account :52a: Option A or D Ordering Institution Subfield 2: BIC or Name&Address 130 {4000} Intermediary FI

120 IntermediaryAgent1Account

{4000} Intermediary FI ID-Code: D or U {5000} Originator

[402] Intermediary Bank ID-Code: D or U [500] or [502] Originator Information

121 122 123 124 125 126 127

IntermediaryAgent2 IntermediaryAgent2Account IntermediaryAgent3 IntermediaryAgent3Account UltimateDebtor InitiatingParty Debtor

128 DebtorAccount

{5000} Originator ID-Code: D, T or U {5100} Originator's FI

[502] Originator Information ID-Code: D [510] or [512] Originator's Bank

129 DebtorAgent

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SWIFTStandards Translation Rules C D pacs.008.001.01 FIToFICustomer 1 CreditTransferV01 DebtorAgentAccount A B E F MT 103 Core Single Customer Credit Transfer :52a: Option A or D Ordering Institution Subfield 1: PartyIdentifier :57a: Option A, B, C or D Account With Institution Subfield 2: BIC, Location or Name&Address :57a: Option A, B, C or D Account With Institution Subfield 1: PartyIdentifier :59a: Option A or No letter Beneficiary Customer Subfield 2: BICBEI or Name&Address :59a: Option A or No letter Beneficiary Customer Subfield 1: Account G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

{5100} Originator's FI ID-Code: D or U {4100} Beneficiary's FI

[512] Originator's Bank ID-Code: D or U [410] or [411] or [412] Beneficiary's Bank

131 CreditorAgent

132 CreditorAgentAccount

{4100} Beneficiary's FI ID-Code: D or U {4200} Beneficiary

[412] Beneficiary's Bank ID-Code: D or U [420] or [421] or [422] Beneficiary Information

133 Creditor

134 CreditorAccount

{4200} Beneficiary ID-Code: D, T or U -

[422] Beneficiary Information ID-Code: D, T or U -

135 136 UltimateCreditor 137 InstructionForCreditorAgent 138 Code CHQB

:23E: Instruction Code Subfield 1: Instruction = CHQB

{6420} [641] Method of Payment to Beneficiary Beneficiary Advice Information Method of Payment Code: CHECK {6410} Beneficiary Advice Information Advice Code: HLD {6410} Beneficiary Advice Information Advice Code: PHN Advice Code: Q

139 HOLD :23E: Instruction Code Subfield 1: Instruction = HOLD :23E: Instruction Code Subfield 1: Instruction = PHOB [641] Beneficiary Advice Information Advice Code: H [641] Beneficiary Advice Information Advice Code: P

140 PHOB

141

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SWIFTStandards Translation Rules A B C D pacs.008.001.01 FIToFICustomer CreditTransferV01 TELB E F MT 103 Core Single Customer Credit Transfer :23E: Instruction Code Subfield 1: Instruction = TELB :23E: Instruction Code G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

{6410} Beneficiary Advice Information Advice Code: LTR, TLX or WRE {6410} Beneficiary Advice Information

[641] Beneficiary Advice Information Advice Code: C [641] Beneficiary Advice Information

142 InstructionInformation

Subfield 2: Additional Information Advice Information (and Advice Advice Information (and Advice (and Subfield 1: Instruction is Code = CHECK, HLD, PHN, LTR, Code = Q, H, P or C) "HOLD", ''PHOB'' or "TELB") TLX or WRE) 143 :72: Sender to Receiver Information 144 145 InstructionForNextAgent 146 Code PHOA Code: ACC {6400} Beneficiary's Information [640] Beneficiary's Bank Advice Information

:23E: Instruction Code Subfield 1: Instruction = PHOI 147 :23E: Instruction Code Subfield 1: Instruction = PHON 148 TELA :23E: Instruction Code Subfield 1: Instruction = TELI 149 :23E: Instruction Code Subfield 1: Instruction = TELE 150

{6210} [621] Intermediary FI Advice Information Intermediary Bank Advice Information Advice Code: PHN Advice Code: P {6310} [631] Beneficiary's FI Advice Information Beneficiary's Bank Advice Information Advice Code: PHN Advice Code: P {6210} [621] Intermediary FI Advice Information Intermediary Bank Advice Information Advice Code: LTR, TLX or WRE Advice Code: C {6310} [631] Beneficiary's FI Advice Information Beneficiary's Bank Advice Information Advice Code: LTR, TLX or WRE Advice Code: C

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SWIFTStandards Translation Rules A C D pacs.008.001.01 FIToFICustomer CreditTransferV01 InstructionInformation B E F MT 103 Core Single Customer Credit Transfer :23E: Instruction Code G Fedwire CTR H CHIPS Non-Bank

Translation Rules I Comment

151

152

{6210} [621] Intermediary FI Advice Information Intermediary Bank Advice Information Subfield 2: Additional Information Advice Information (and Advice (and Subfield 1: Instruction is Code = PHN, LTR, TLX or WRE) Advice Information (and Advice "PHOI" or "TELI") Code = P or C) :23E: {6310} [631] Instruction Code Beneficiary's FI Advice Information Beneficiary's Bank Advice Information Subfield 2: Additional Information Advice Information (and Advice (and Subfield 1: Instruction is Code = PHN, LTR, TLX or WRE) Advice Information (and Advice ''PHON'' or "TELE") Code = P or C) :72: {6100} [610] Sender to Receiver Information Receiver FI Information Receive Bank Advice Information Code: REC or {6500} FI to FI Information or [650] General Advice Information

153 154 Purpose RegulatoryReporting 155 156 RelatedRemittanceInformation RemittanceInformation

:77B: Regulatory Reporting :70: Remittance Information

{6000} Originator to Beneficiary Information

[600] Originator to Beneficiary Information

157

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