A complete example

Finpetrol, a corporate customer located in Helsinki, Finland sends a multiple MT 101 Request for Transfer payment message through its sending financial institution (UXXXFIHH) to the receiving financial institution (CHXXUS33) with which it also maintains an account. Two transactions contained in this multiple payment message request the Receiver to debit the ordering customer account, and effect payment to the associated beneficiary customers. The third transaction requests the Receiver to 'repatriate' funds held in an account (account number 9102099999) at the branch of the Receiver (CHXXUS33BBB), for further credit to Finpetrol's account held at the Receiver (account number 9102056789).

Beneficiary Tony Baloney maintains an account with the Receiver (CHXXUS33), while beneficiary Softease PC maintains an account with a financial institution other than the Receiver, namely the account with institution (CHYYUS33). A software vendor invoice payment to Softease PC and a pension payment to Tony Baloney, in euro (EUR), are contained within this multiple payment message.

Finpetrol supplements its existing agreements with the three financial institutions with which it maintains an account, ie the sending financial institution (UXXXFIHH), the receiving financial institution (CHXXUS33), and the account servicing financial institution (CHXXUS33BBB). The supplement to the existing agreements establishes the basis for an agreement to exchange MT 101 messages.

The sending financial institution (UXXXFIHH) and the receiving financial institution (CHXXUS33) also have an agreement between themselves. Please refer to the MT 101 Operational Rules & Checklist.

The details agreed upon by the MT 101 Request for Transfer parties, which are highlighted below for the purpose of this message, are as follows:

In the interest of simplicity, only 3 transactions have been included in the following MT 101 message.

Explanation Format
Sending financial institution UXXXFIHH
Message type 101
Receiving financial institution CHXXUS33
Message text: General information
Sender's reference :20:11FF99RR
Message Index/Total :28D:1/1
Requested execution date :30:020327
Transaction details 1
Transaction reference :21:REF501
F/X deal reference :21F:UKNOWIT1234
Currency/transaction amount :32B:USD90000,
Ordering customer
:50H:/9020123100
FINPETROL
:50H:/9102056789
FINPETROL
INC.
ANDRELAE SPINKATU 7
00690 HELSINKI, FINLAND
Account with institution :57C://CH9999
Beneficiary :59:/756-857489-21
SOFTEASE PC GRAPHICS
34 BRENTWOOD ROAD
SEAFORD, NEW YORK 11246
Remittance information :70:/INV/19S95
Regulatory reporting :77B:/BENEFRES/US
//34 BRENTWOOD ROAD
//SEAFORD, NEW YORK 11246
Currency/original ordered amount :33B:EUR100000,
Details of charges :71A:SHA
Charges account :25A:/9101000123
Exchange rate :36:0,90
Transaction details 2
Transaction reference :21:REF502
F/X deal reference :21F:UKNOWIT1234
Instruction code :23E:CHQB
Currency/transaction amount :32B:USD1800,
Ordering customer
:50H:/9020123100
FINPETROL
:50H:/9102056789
FINPETROL
INC.
ANDRELAE SPINKATU 7
00690 HELSINKI, FINLAND
Beneficiary :59:TONY BALONEY
3159 MYRTLE AVENUE
BROOKLYN, NEW YORK 11245
Remittance information :70:03-02 PENSION PAYMENT
Original ordered amount :33B:EUR2000,
Details of charges :71A:OUR
Exchange rate :36:0,9
Transaction details 3
Transaction reference :21:REF503
Instruction code :23E:CMZB
Instruction code :23E:INTC
Currency/transaction amount :32B:0,
Ordering customer
:50H:/9020123100
FINPETROL
:50H:/9102056789
FINPETROL
INC.
ANDRELAE SPINKATU 7
00690 HELSINKI, FINLAND
Account servicing institution :52A:CHXXUS33BBB
Beneficiary :59:/9102056789
FINPETROL
End of message text/trailer

In the following statement message sent by CHXXUS33 to the Sender of the MT 101, the statement line contains the transaction amounts as specified in Field 32B, transaction references as specified in field 21, and the ordering customer account number as specified in field 50H, Account.

Explanation Format
Sender CHXXUS33
Message Type 940
Receiver UXXXFIHH
Message text
Sender's reference :20:MTRFT111
Account identification :25:9102056789
Statement number :28:101/01
Opening balance :60F:020326CUSD100000,
Statement line :61:020327D90000, S101REF501
//1010101011
Information to account owner

:86:/REMI//INV/19S95

:86:/REMI/INV/19S95
Statement line :61:020327D1800,S101REF502
//1010101012
Information to account owner :86:/REMI/03-02 :86:/REMI/03-902 PENSION PAYMENT//PAID BY CHECK CHEQUE
Statement line :61:020327C73530,FCMZREF503
//101010BBB3
Information to account owner :86:/ORDP/CHXXUS33BBB
Closing balance :62F:020327CUSD81730,
End of message text/trailer

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