If a registered user receives an MT 102 without bilateral agreement with the Sender, the Receiver should query the message according to normal banking practice.
When sending the MT 102 via FileAct, institutions must use the payment-related profile.
There is a relationship between the amount related fields 33B, 32B, 36, 71G, 71F, 19 and 32A which may be logically expressed in the following formulas:
For each occurrence of sequence B, the instructed amount in field 33B, adjusted with the exchange rate in field 36, minus the Sender's charges in field(s) 71F, equals the transaction amount in field 32B.
The sum of all transaction amounts in fields 32B, equals the total amount in field 19.
The sum of all Receiver's charges in fields 71G of sequence B, equals the total Receiver's charges of field 71G in sequence C.
The total amount in field 19 (or the sum of all transaction amounts in fields 32B), plus the total Receiver's charges in field 71G of sequence C, equals the interbank settled amount in field 32A.
Presence of the fields mentioned above is subject to the conditional field rules C5, C6, C8, C9, C10 and C11. If a field is not present, that field must not be taken into account in the formula. If field 71F is present more than once, all occurrences of that field must be taken into account in the formula.
 Sequence Aif field 71A is ... |
Sequence B |
||
|---|---|---|---|
| then field 32B is ... |
field 71F is ... |
and field 71G is ... |
|
| OUR |
Net amount to be credited to the Beneficiary.Charges have been prepaid by the ordering customer. |
Not allowed |
Optional |
| SHA |
Amount as instructed by the originator, for example, invoice amount.Receiver will deduct its own charges. |
Optional |
Not allowed |
| BEN |
Amount as instructed by the originator, after sending bank has deducted its charges.Receiver will deduct its charges. |
At least one occurrence mandatory |
Not allowed |
| Sequence Aif field 71A is ... |
Sequence C |
||
|---|---|---|---|
| then field 19 is ... |
field 32A is ... |
and field 71G is ... |
|
| OUR |
Sum of field(s) 32B of sequence B |
Settlement Amount equals field 19 plus field 71G of sequence C |
Sum of fields 71G of sequences B |
| SHA |
Not used |
Settlement Amount equals Sum of field(s) 32B of sequence B |
Not allowed |
| BEN |
Not used |
Settlement Amount equals Sum of field(s) 32B of sequence B |
Not allowed |
Pay the equivalent of EUR1000,00 in GBP to a beneficiary in the United Kingdom
The exchange rate is 1 EUR for 0,61999 GBP
Ordering bank's (sending bank's) transaction charge is EUR 5 (=GBP 3,1)
Beneficiary bank's (receiving bank's) transaction charge is GBP 4 (=EUR 6,45)
Amount debited from the ordering customer's account
| Original ordered amount |
EUR |
1000,00 |
| + Sender's charges |
EUR |
5,00 |
| + Receiver's charges |
EUR |
6,45 |
| = Debit amount |
EUR |
1011,45 |
MT 102 extract:
| |
Field Tag |
Content |
|
|---|---|---|---|
| Sequence B |
32B |
GBP |
619,99 |
| 33B |
EUR |
1000,00 |
|
| 71A |
|
OUR |
|
| 71G |
GBP |
4,00 |
|
| 36 |
|
0,61999 |
|
| Sequence C |
19 |
GBP |
619,99 |
| 32A |
GBP |
623,99 |
|
| 71G |
GBP |
4,00 |
|
The subsequent MT 950 shows one debit entry for GBP 623,99, that is, field 32A, sequence C.
Amount credited to the beneficiary:
| Credit Amount |
GBP |
619,99 |
Amount debited from the ordering customer's account:
| Original ordered amount |
EUR |
1000,00 |
| + Sender's charges |
EUR |
5,00 |
| = Debit amount |
EUR |
1005,00 |
MT 102 extract:
| |
Field Tag |
Content |
|
|---|---|---|---|
| Sequence B |
32B |
GBP |
619,99 |
| 33B |
EUR |
1000,00 |
|
| 71A |
|
SHA |
|
| 36 |
|
0,61999 |
|
| Sequence C |
32A |
GBP |
619,99 |
The subsequent MT 950 shows one debit entry for GBP 619,99, that is, field 32A, sequence C.
Amount credited to the beneficiary:
| Interbank Settlement Amount |
GBP |
619,99 |
| - Receiver's charges |
GBP |
4,00 |
| = Credit Amount |
GBP |
615,99 |
Amount debited to the ordering customer's account:
| Original ordered amount = Debit amount |
EUR |
1000,00 |
MT 102 extract:
| |
Field Tag |
Content |
|
|---|---|---|---|
| Sequence B |
32B |
GBP |
616,89 |
| 33B |
EUR |
1000,00 |
|
| 71A |
|
BEN |
|
| 71F |
GBP |
3,10 |
|
| 36 |
|
0,61999 |
|
| Sequence C |
32A |
GBP |
616,89 |
The subsequent MT 950 shows one debit entry for GBP 616,89, that is, field 32A, sequence C.
Amount credited to the beneficiary:
| Equivalent of ordered amount |
GBP |
619,99 |
| - Sender's charges |
GBP |
3,10 |
| - Receiver's charges |
GBP |
4,00 |
| = Credit amount |
GBP |
612,89 |
Pay GBP 1000,00 to a beneficiary in the United Kingdom
The exchange rate is 1 EUR for 0,61999 GBP
Ordering bank's (sending bank's) transaction charge is EUR 5 (=GBP 3,1)
Beneficiary bank's (receiving bank's) transaction charge is GBP 4 (=EUR 6,45)
The ordering customer has an account in euro
Sender and Receiver's BIC are within the EU-country list
Amount debited to the ordering customer's account:
| |
Debit on EUR account |
|
| Equivalent of ordered amount |
EUR |
1612,93 |
| + Sender's charges |
EUR |
5,00 |
| + Receiver's charges |
EUR |
6,45 |
| = Debit amount |
EUR |
1624,38 |
MT 102 extract
| |
Field Tag |
Content |
|
|---|---|---|---|
| Sequence B |
32B |
GBP |
1000,00 |
| 33B |
GBP |
1000,00 |
|
| 71A |
|
OUR |
|
| 71G |
GBP |
4,00 |
|
| Sequence C |
19 |
GBP |
1000,00 |
| 32A |
GBP |
1004,00 |
|
| 71G |
GBP |
4,00 |
|
Note: Field 36 does not have to be used since currency in fields 32A and 33B is the same.
The subsequent MT 950 shows one debit entry for GBP1004,00, that is, field 32A, sequence C.
Amount credited to the beneficiary:
| Original ordered amount = Credit amount |
GBP |
1000,00 |
Amount debited to the ordering customer's account:
| |
Debit on EUR-account |
|
| Equivalent of ordered amount |
EUR |
1612,93 |
| + Sender's charges |
EUR |
5,00 |
| = Debit amount |
EUR |
1617,93 |
MT 102 extract:
| |
Field Tag |
Content |
|
|---|---|---|---|
| Sequence B |
32B |
GBP |
1000,00 |
| 33B |
GBP |
1000,00 |
|
| 71A |
|
SHA |
|
| Sequence C |
32A |
GBP |
1000,00 |
The subsequent MT 950 shows one debit entry for GBP 1000,00, that is, field 32A, sequence C.
Amount credited to the beneficiary:
| Amount in 32A |
GBP |
1000,00 |
| - Receiver's charges |
GBP |
4,00 |
| = Credit amount |
GBP |
996,00 |
Amount debited to the ordering customer's account:
| Debit on: |
EUR account |
| Equivalent of ordered amount = Debit amount |
EUR 1612,93 |
MT 102 extract:
| |
Field Tag |
Content |
|
|---|---|---|---|
| Sequence B |
32B |
GBP |
996,90 |
| 33B |
GBP |
1000,00 |
|
| 71A |
|
BEN |
|
| 71F |
GBP |
3,10 |
|
| Sequence C |
32A |
GBP |
996,90 |
Note: Field 36 does not have to be used since currency in fields 32A and 33B is the same.
The subsequent MT 950 shows one debit entry for GBP 996,90, that is, field 32A, sequence C.
Amount credited to the beneficiary:
| Original ordered amount |
GBP |
1000,00 |
| - Sender's charges |
GBP |
3,10 |
| - Receiver's charges |
GBP |
4,00 |
| = Credit amount |
GBP |
992,90 |
Note: The beneficiary is also advised of the Sender's charges of GBP 3,10.
