Module field50

swift_mt_message::fields

Module field50 

Source
Expand description

§Field 50: Ordering Customer

§Purpose

Identifies the ordering customer (originator) of the payment instruction. The ordering customer is the party that instructs the sender of the MT103 to execute the payment. Different options provide various levels of detail and identification methods for optimal processing efficiency.

§Options Overview

  • Option A: Account + BIC identification (optimal for STP)
  • Option F: Party identifier + BIC (structured identification)
  • Option K: Account + Name/Address details (flexible format)
  • Option C: BIC identification only (institution-based)
  • Option G: Account + BIC (alternative format)
  • Option H: Account + Name/Address (alternative format)
  • Option L: Party identifier only (simplified identification)
  • No Option: Name/Address only (basic identification)

§Usage by Message Type

  • MT103: Options A, F, K supported (Field50OrderingCustomerAFK)
  • MT101: Options A, F, K supported for batch payments
  • MT102: Options available depending on batch type
  • Creditor Payments: Options A, K supported (Field50Creditor)
  • Instructing Party: Options C, L supported (Field50InstructingParty)

§STP Compliance Guidelines

§STP Preferred (Optimal Automation)

  • Option A: Account + BIC - maximum STP efficiency
  • Option F: Party identifier + BIC - structured processing
  • Option C: BIC only - institution-based routing

§STP Compatible (Good Automation)

  • Option K: Account + Name/Address with complete information
  • Option G: Account + BIC alternative format
  • Option H: Account + Name/Address alternative format

§Manual Processing Risk

  • No Option: Name/Address only - may require manual intervention
  • Option L: Party identifier only - limited automation

§Format Selection Guidelines

§When to Use Each Option

  • Option A: Standard customer payments with account and BIC
  • Option F: Enhanced identification requirements
  • Option K: Flexible customer identification scenarios
  • Option C: Institution-to-institution transactions
  • Option G/H: Alternative formats for specific message types
  • Option L: Simplified party identification
  • No Option: Basic customer identification

§Business Context Applications

  • Payment Origination: Customer-initiated payment instructions
  • Corporate Payments: Business-to-business transaction origination
  • Retail Payments: Individual customer payment instructions
  • Batch Processing: Multiple payment origination identification

§Network Validation Requirements

  • BIC Validation: Must be active and reachable in SWIFT network
  • Account Validation: Must conform to local account standards
  • Character Set: Standard SWIFT character set compliance
  • Address Standards: Adequate detail for customer identification

§Compliance Framework

  • KYC Standards: Customer identification and verification
  • AML Requirements: Anti-money laundering originator screening
  • Regulatory Documentation: Complete originator record keeping
  • Audit Trail: Comprehensive origination audit information
  • Field 52A: Ordering Institution (originator’s bank)
  • Field 53A: Sender’s Correspondent (routing)
  • Field 59: Beneficiary Customer (payment destination)
  • Field 70: Remittance Information (payment purpose)

§Error Prevention Guidelines

  • Complete Information: Provide full originator identification details
  • Accurate Codes: Verify BIC codes and account numbers
  • Format Consistency: Follow established format conventions
  • Compliance Verification: Screen against sanctions and watch lists

§See Also

  • Swift FIN User Handbook: Ordering Customer Specifications
  • KYC Guidelines: Customer Identification Requirements
  • AML/CFT Compliance: Originator Screening Best Practices
  • STP Implementation Guide: Ordering Customer Optimization

Structs§

Field50A
Field 50A: Ordering Customer (Option A)
Field50C
Field 50C: Ordering Customer (Option C)
Field50F
Field 50F: Ordering Customer (Option F)
Field50G
Field 50G: Ordering Customer (Option G)
Field50H
Field 50H: Ordering Customer (Option H)
Field50K
Field 50K: Ordering Customer (Option K)
Field50L
Field 50L: Ordering Customer (Option L)
Field50NoOption
Field 50 (No Option): Ordering Customer

Enums§

Field50Creditor
Field50InstructingParty
Field50OrderingCustomerAFK
Field50OrderingCustomerFGH
Field50OrderingCustomerNCF