MT 102 Field Specifications

6. Field 26T: Transaction Type Code

FORMAT

Option T

3!c

(Type)

PRESENCE

Conditional (see rule C5) in mandatory sequence A

DEFINITION

This field identifies the nature of, purpose of and/or reason for all transactions described in sequence B, for example, salaries, pensions or dividends.

USAGE RULES

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

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.