Three Levels of Clearing

Three Levels of Clearing – Three Different Cash Accounts

MT103

SWIFT Role	ALERT Field	MT103
Settlement Agency Data	Bank Code 1 (Sort Code, CHIPS UID, or ABA)	56A Line 2
Intermediary	Intermediary BIC	54 Line 1
	Intermediary A/C#/IBAN	56A Line 1
Account With Institution	Receiving Agent BIC	56A Line 2
	A/C# @ Receiving Agent	57A Line 1
Beneficiary Institution	Beneficiary Institution BIC	57A Line 2
	Final Beneficiary Account/IBAN	59 Line 1
	Beneficiary Institution Name	57A Line 3
	Account Name from General Account Information	59 Line 3
	Address	Text 1-4

SWIFT parties, tags and mapping to ALERT

Three Levels of Clearing – Three Different Cash Accounts

MT202

SWIFT Role	ALERT Field	MT202
Intermediary	Intermediary BIC	54 Line 1
	Intermediary A/C#/IBAN	56A Line 1
Account With Institution	Receiving Agent BIC	56A Line 2
	A/C# @ Receiving Agent	57A Line 1
Beneficiary Institution	Beneficiary Institution BIC	57A Line 2
	Final Beneficiary Account/IBAN	58A Line 1
	Client’s Funda Name and Address	58A Line 2
Narrative Information	Beneficiary Additional Information	72

SWIFT parties, tags and mapping to ALERT

Three Levels of Clearing – Three Different Cash Accounts

MT202COV

This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. All parties to the financial institution transfer (sequence A) must be financial institutions.

It must only be used to order the movement of funds related to an underlying customer credit transfer that was sent with the cover method.

The MT 202 COV must not be used for any other interbank transfer. For these transfers the MT202 must be used.

SWIFT Role	ALERT Field	MT202
Intermediary	Intermediary BIC	56A Line 1
	Intermediary A/C#/IBAN	57A Line 1
Account With Institution	Receiving Agent BIC	57A Line 2
	A/C# @ Receiving Agent	58A Line 1
Beneficiary Institution	Beneficiary Institution BIC	58A Line 2
	Final Beneficiary Account/IBAN	59A Line 1
	Client’s Funda Name and Address	59A Line 2
Narrative Information	Beneficiary Additional Information	72 or 70

SWIFT parties, tags and mapping to ALERT