MT 103 plus, single customer credit transfer

MT 103 plus is a subset of MT 103. Consequently, the mapping template for MT 103 can also be used for MT 103 plus. Note the following differences between MT 103 and MT 103 plus (as per the November 2006 Standards):

• Appropriate MT 103 plus format validation is triggered by the code STP in the validation flag field 119 ({3:{119: STP}}) of the user header of the message (block 3).
• Fields 52, 54, 55, 56 and 57 may only be used with letter option A.
• Field 53 may only be used with letter options A and B.
• Field 51A is not used in MT 103 plus. This message may only be used on the SWIFTNet FIN network since it requires special validation.
• Field 23E may only contain codes CORT, INTC, SDVA and REPA
• If field 53a is used with option B, Party Identifier must be used
• Subfield 1 (Account) of either field 59 or 59A is always mandatory
• Field 72, code INS must be followed by a valid BIC
• Field 72, codes REJT and RETN must not be used
• Field 72 must not include ERI information