MT 104 Format Specifications

The MT 104 consists of three sequences:

• Sequence A General Information is a single occurrence mandatory sequence and contains information to be applied to all individual transactions detailed in sequence B.

• Sequence B Transaction Details is a repetitive mandatory sequence; each occurrence provides details of one individual transaction.

• Sequence C Settlement Details is a single occurrence optional sequence. When the message is used as a Request for Direct Debit message, this sequence is not used. When the message is used as a Direct Debit message, this sequence is mandatory and provides further settlement information for all transactions mentioned in sequence B.

MT 104 Direct Debit and Request for Debit Transfer Message

Status	Tag	Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	20	Sender's Reference	16x	1
O	21R	Customer Specified Reference	16x	2
O	23E	Instruction Code	4!c[/30x]	3
O	21E	Registration Reference	35x	4
M	30	Requested Execution Date	6!n	5
O	51A	Sending Institution	[/1!a][/34x] 4!a2!a2!c[3!c]	6
O	50a	Instructing Party	C or L	7
O	50a	Creditor	A or K	8
O	52a	Creditor's Bank	A, C or D	9
O	26T	Transaction Type Code	3!c	10
O	77B	Regulatory Reporting	3*35x	11
O	71A	Details of Charges	3!a	12
O	72	Sender to Receiver Information	6*35x	13
-----> Mandatory Repetitive Sequence B Transaction Details
M	21	Transaction Reference	16x	14
O	23E	Instruction Code	4!c[/30x]	15
O	21C	Mandate Reference	35x	16
O	21D	Direct Debit Reference	35x	17
O	21E	Registration Reference	35x	18
M	32B	Currency and Transaction Amount	3!a15d	19
O	50a	Instructing Party	C or L	20
O	50a	Creditor	A or K	21
O	52a	Creditor's Bank	A, C or D	22
O	57a	Debtor's Bank	A, C or D	23
M	59a	Debtor	A or no option letter	24
O	70	Remittance Information	4*35x	25
O	26T	Transaction Type Code	3!c	26
O	77B	Regulatory Reporting	3*35x	27
O	33B	Currency/Original Ordered Amount	3!a15d	28
O	71A	Details of Charges	3!a	29
O	71F	Sender's Charges	3!a15d	30
O	71G	Receiver's Charges	3!a15d	31
O	36	Exchange Rate	12d	32
-----|
Optional Sequence C Settlement Details
M	32B	Currency and Settlement Amount	3!a15d	33
O	19	Sum of Amounts	17d	34
O	71F	Sum of Sender's Charges	3!a15d	35
O	71G	Sum of Receiver's Charges	3!a15d	36
O	53a	Sender's Correspondent	A or B	37
M = Mandatory O = Optional