SWIFT-MT-103

Legacy SWIFT FIN message for cross-border transfer.

Definition

MT 103 uses tags 20 (Sender's Reference), 32A (Value Date, Currency, Amount), 50 (Ordering Customer), 59 (Beneficiary). MT 103+ Straight Through Processing variant. Migration to ISO 20022 pacs.008 on SWIFT MX (completed November 2025).

Origin

FIN message introduced in the 1970s.

Example in context

A French bank MT 103 to a US bank for EUR 5000: :32A:260515USD5000,:50A:ORDERER:59:BENEFICIARY.

Related terms

• pacs.008 — ISO 20022 successor.