Standards - Category 1 - MT 102 STP Examples

Narrative

Consortia Pension Scheme, a corporate in Zürich requests its bank (BNKACHZZ) to execute a bulk of payments. The bulk contains pension payments in Swiss Francs. The beneficiaries have their account with the Belgian correspondent of BNKACHZZ.

BNKACHZZ established a bilateral agreement with its Belgian correspondent (BNKBBEBB) to exchange MTs 102 for low value transactions. Both banks agreed on a number of details, some of which are highlighted for the purpose of this message:

transaction charges due to BNKBBEBB for the guarantee and processing of on us payments up to the posting to the beneficiary's account, are EUR 5, per transaction
charges information is explicitly included in the message for control purposes
charges are settled with the same value date as the sum of transaction amounts
conversion, if necessary, is performed at the Sender's side. Consequently, transactions are always sent in the currency of the receiving country
the same exchange rate is applied for all transactions within a same message.

SWIFT Message

Explanation	Format
Sender	`BNKACHZZ`
Message type	`102 STP`
Receiver	`BNKBBEBB`
Message text: General information
File reference	`:20:5362/MPB`
Bank operation code	`:23:CREDIT`
Ordering customer	`:50K:/1234567890 CONSORTIA PENSION SCHEME FRIEDRICHSTRASSE, 27 8022-ZURICH`
Details of charges	`:71A:OUR`
Exchange rate	`:36:1,6`
Transaction details 1
Transaction reference	`:21:ABC/123`
Transaction amount	`:32B:EUR1250,`
Beneficiary customer	`:59:/BE68001161685134 JOHANN WILLEMS RUE JOSEPH II, 19 1040 BRUSSELS`
Remittance information	`:70:PENSION PAYMENT SEPTEMBER 2009`
Original ordered amount	`:33B:CHF2000,`
Receiver's charges/amount	`:71G:EUR5,`
Transaction details 2
Transaction reference	`:21:ABC/124`
Transaction amount	`:32B:EUR1875,`
Beneficiary customer	`:59:/BE6251000754706 JOAN MILLS AVENUE LOUISE 213 1050 BRUSSELS`
Remittance information	`:70:PENSION PAYMENT SEPTEMBER 2003`
Original ordered amount	`:33B:CHF3000,`
Receiver's charges/amount	`:71G:EUR5,`
Settlement details
Value date, currency code, amount	`:32A:090828EUR3135,`
Sum of amounts	`:19:3125,`
Sum of Receiver's charges/amount	`:71G:EUR10,`
End of message text/trailer

In the statement message sent by BNKBBEBB to its Swiss correspondent, the settlement amount as specified in field 32A and the file reference specified in field 20 will be quoted in the appropriate statement line. For the example given this would result in the following MT 950:

SWIFT Message

Explanation	Format
Sender	`BNKBBEBB`
Message type	`950`
Receiver	`BNKACHZZ`
Message text
Transaction reference number	`:20:112734`
Account identification	`:25:415370412218`
Statement number	`:28C:102/1`
Opening balance	`:60F:C090827EUR72000,`
Statement line	`:61:090828D3135,S1025362/MPB//1234T`
Closing balance	`:62F:C090828EUR68865,`
End of message text/trailer