SWIFT EDI Document Standard

The Society of Worldwide Interbank Financial Telecommunication was formed in 1973 and is headquartered in Brussels. SWIFT operates a worldwide financial messaging network which exchanges messages between banks and financial institutions. SWIFT also markets software and services to financial institutions, much of it for use on the SWIFTNet Network.

SWIFTNet is the infrastructure used to exchange these documents and FIN, InterAct and FileAct are used to encode the SWIFT documents for transmission. The majority of interbank messages use the SWIFT network. As of November 2008, SWIFT linked 8740 financial institutions across 209 countries. The SWIFT document standard is split into four areas, Payments, Trade Services, Securities and Trading. A list of SWIFT document standards is provided below:

Customer Payments & Checks

101Request for Transfer
102 / 102+Multiple Customer Credit Transfer
103 / 103+ / 103 REMITSingle Customer Credit Transfer
104Direct Debit and Request for Debit Transfer Message
105EDIFACT Envelope
106EDIFACT Envelope
107General Direct Message
110Advice of Check(s)
111Request for Stop Payment of a Check
112Status of a Request for Stop Payment of a Check
121Multiple Interbank Funds Transfer
  

Treasury Markets–Foreign Exchange, Money Markets & Derivatives

300Foreign Exchange Confirmation
303Forex/Currency Option Allocation Instruction
304Advice/Instruction of a 3rd Party Deal
305Foreign Currency Option Confirmation
306Foreign Currency Option Confirmation
307Advice/Instruction of a 3rd Party FX Deal
308Instruction for a Gross/Net Settlement of 3rd Party FX deals
320Fixed Loan/Deposit Confirmation
321Instruction to Settle a 3rd Party Loan /Deposit
330Call/Notice (Loan/Deposit Confirmation)
340Forward Rate Agreement Confirmation
341Forward Rate Agreement Settlement Confirmation
350Advice of Loan/Deposit Interest Payment
360Single Currency Interest Rate Derivative Confirmation
361Cross Currency Interest Rate Swap Confirmation
362Interest Rate Reset/Advice of Payment
364Single Currency Interest Rate Derivative Confirmation
365Cross Currency Interest Rate Swap Termination/Recouponing Confirmation
380Foreign Exchange Order
381Foreign Exchange Order Confirmation
  

Documentary Credits & Guarantees

700Issue of Documentary Credit
701Issue of Documentary Credit
705Pre-Advice of a Documentary Credit
707Amendment to a Documentary Credit
710Advice of a 3rd Bank’s Documentary Credit
711Advice of a 3rd Bank’s Documentary Credit
720Transfer of a Documentary Credit
721Transfer of a Documentary Credit
730Acknowledgement
732Advice of Discharge
734Advice of Refusal
740Authorization to Reimburse
742Reimbursement Claim
747Amendment to an Authorization to Reimburse
750Advice of Discrepancy
752Authorization to Pay, Accept or Negotiate
754Advice of Payment/Acceptance/Negotiations
756Advice of Reimbursement or Payment
760Guarantee/Standby LC
767Guarantee/ Standby LC Amendment
768Acknowledgement of a Guarantee/ Standby LC Message
769Advice of Reduction or Release
  

Cash Management & Customer Status

900Confirmation of Debit
910Confirmation of Credit
920Request Message
935Rate Change Advice
940Customer Statement Message
941Balance Report
942Interim Transaction Report
950Statement Message
960Request for Service Initiation Message
961Initiation Response Message
962Key Service Message
963Key Acknowledgement Message
964Error Message
965Error in Key Service Message
966Discontinue Service Message
967Discontinuation Acknowledgement Message
970Netting Statement
971Netting Balance Report
972Netting Interim Statement
973Netting Request Statement
985Status Enquiry
986Status Report