Download Settlements Version-1.0 9NT1438

Message Type
Field Tag
Description
53 (Delivery Agent)
The delivery agent is the account holder of the
settlement account for SETSOLDAMT.
56
The details entered in the intermediary field in the
settlement instructions screen.
57a (Receiving
Agent)
The details entered in the Account With Institution
field in the Settlement Instructions screen. If the
data is not available then the field will be
populated with UNKNOWN according to the
SWIFT requirements
58
The details entered in the Beneficiary Institution
field in Settlement Instructions for the Amount Tag
SETBOTAMT
2.8.11 MT 400 (Advice of Payment)
The receiver of the MT400 is the Remitting bank. The details are captured in the Parties section
of the Settlements screen.
If the Remitting bank is not a customer of your bank, you can use the CIF ID assigned to the
walk-in customer. You will also have to capture the SWIFT address of the remitting bank.
If the Remitting bank is not a customer of your bank and you have used the CIF ID assigned to
the walk-in customer you will have to change the media to SWIFT in the Advices/FFT tab for
generating the Collection Payment advice (COLL_PAY_ADV).
If you choose not to send an MT 400, the message can be suppressed in the Advices/FFT
screen. A MT100 and MT202 (Cover) can be send instead by choosing the Cover Required
option in the Settlements Instruction screen.
Message Type
Field Tag
Description
MT400
53A/D
(Sender’s/
Receiver’s
Correspondent)
The receiver of MT202. The information captured in
the Receiver field of the Settlement Instruction
screen for the Amount Tag BILL_LIQ_AMT is
defaulted here.
This field is not populated if the receiver of MT400
is same as Our Correspondent.
54A/D and
57A/D
If you would like both field 54 and 57 to appear in
the generated message you will have to capture the
relevant data in the Receiver Correspondent and
Account With Institution fields against the Amount
Tag BILL_LIQ_AMT.
If only field 54 is required in the SWIFT message,
you will have to capture data in the Account With
Institution field and leave the Receiver
Correspondent field blank.
Consequently, the accompanying MT202 shall
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