MT 103+ Field Specifications

5. Field 26T: Transaction Type Code

FORMAT

Option T

3!c

(Type)

PRESENCE

Optional

DEFINITION

This field identifies the nature of, purpose of, and/or reason for the individual transaction, eg, salaries, pensions, dividends.

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.

In case the Receiver of the message is not legally obliged to forward the information to a regulatory body, he is allowed to ignore the content of this field.