SWIFT MT103 Field 54A — Receiver's Correspondent

Last reviewed: · Curated by Ohmyfin Organisation editorial.

Field 54A is the Receiver's Correspondent — the bank where the SWIFT-message receiver holds an account that the sender will credit, mirroring field 53A from the receiver's side.

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SWIFT MT103 message diagram showing fields 20, 32A, 50K, 59, 70 and 121 (UETR)
How an MT103 maps to the UETR (field 121), sender reference (field 20), value-date/currency/amount (field 32A) and beneficiary details. Source: SWIFT MT103 specification.

Details

Format: BIC. Optional, used in non-trivial correspondent-banking arrangements.

Quick facts

Example value:54A:RECVCORR2XXX
Valid characters / formatBIC
Required on MT103Optional
Required on MT202Optional
Required on pacs.008Optional
NotesReceiver's correspondent.

Key facts

Frequently asked questions

Field 53A vs 54A?

53A is on the sender side, 54A on the receiver side. Both identify settlement correspondents.

SWIFT MT103 Field 50K — Ordering Customer (Free Format)Field 50K is the free-format ordering-customer field with up to 4 lines of 35 characters for name and address.SWIFT MT103 Field 52A — Ordering InstitutionField 52A identifies the bank instructing the payment when it differs from the sender of the SWIFT message.SWIFT MT103 Field 53A — Sender's CorrespondentField 53A identifies the correspondent bank where the sender holds an account, used to settle the funds side o…Instant GPI lookupInstant GPI lookup: instant — results in 5-15 seconds, no queueing, no email-back.Instant GPI checkerInstant GPI checker: instant — results in 5-15 seconds, no queueing, no email-back.Instant GPI status checkerInstant GPI status checker: instant — results in 5-15 seconds, no queueing, no email-back.

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