MT 102 Field Specifications

17. Field 26T: Transaction Type Code

FORMAT

Option T

3!c

PRESENCE

Conditional (C5)

DEFINITION

This field identifies the nature of, purpose of, and/or reason for the individual transaction, eg, salary, pension or dividend.

CODES

Codes from the EUROSTAT list "Code List for Balance of Payments Collection Systems" may be used in this field.

USAGE RULES

The information given is intended both for regulatory and statutory requirements and/or to provide information to the beneficiary customer on the nature of the transaction.