Download Funds Transfer User Manual

12.1.6 Derivation of Credit Account (MT 202)
The logic of deriving the Credit account for an incoming MT 202 is summarized below:
Order
of
Priorit
y
SWIFT
Messa
ge
Type
Field
Name
1
MT
202
56A
Sub
Prior
ity
Sub
Field
Nam
e
Proces
sing
field
format
Proces
sing
Descri
ption
If field
does
not
exist
If field
exists
and
proces
sing
fails
Go to
next
priority
field
Mark
SWIFT
Messag
e for
repair.
If field
exists
and
proces
sing
succee
ds
1.1
SWIF
T BIC
:56A:[S
WIFT
BIC]
Check
and
Validate
SWIFT
BIC
Mark
SWIFT
Messag
e for
repair.
If
Check
6 fails
then Go
to next
sub
priority
field.
If
Check
C6
succee
ds then
Go to
next
priority
field
1.2
Acco
unt
Line
//SC[Lo
cal
Clearin
g Code]
Check
and
Validate
Local
Clearin
g
Codes
Go to
next
sub
priority
field
If
Check
7 fails
then Go
to next
sub
priority
field.
If
Check
C7
succee
ds then
Go to
next
priority
field
1.3
Acco
unt
Line
/C/[Acc
ount
Number
]
Derive
Credit
Account
Go to
next
sub
priority
field
Mark
SWIFT
Messag
e for
repair.
Perform
Check
C8 and
process
accordi
ngly.
1.4
Acco
unt
Line
/D/[Acc
ount
Number
]
Derive
Credit
Account
Go to
next
sub
priority
field
Mark
SWIFT
Messag
e for
repair.
Perform
Check
C9 and
process
accordi
ngly.
1.5
Acco
unt
/[Accou
nt
Derive
Credit
Go to
next
Mark
SWIFT
Perform
Check
12-31