MT 103 REMIT 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, for example, salaries, pensions, dividends.

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.

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