Format. 60A Opening Balance M 1!a6!n3!a15d e.g. 60F:C081128USD0, Statement Line O 6!n[4!n]2a[1!a]15d1!a3!c16x[//16x] [34x] 1!a6!n3!

Transcription

1 TREASURY SERVICES Summary of Changes Effective 1 May 2010,, the t MC940 statement format for United Kingdom (UK) branch accounts is changing with the introduction of a new demand deposit account (DDA( DDA) system. The following table describes the layout of the MC940 file that will be output to MultiCash for UK branch accounts. The MultiCash statement will follow the standard SWIFT rules, based on S.W.I.F.T. "Standards Release Guide (last amendment incorporated SRG 2001). Tag Name 20 Transaction Reference Number 25 Account Identification 28C Statement Number/Sequence Number Optional/ Mandatory (O/M) Format Comments M 16x Tag 20 will always contain a fixed text CHASDEFXXXX. M 35x This will contain CHASGB2L followed by the / character and the account number, e.g CHASGB2L/ M 5n[/5n] e.g. 28C:2/1 60A Opening Balance M 1!a6!n3!a15d e.g. 60F:C081128USD0, Statement Line O 6!n[4!n]2a[1!a]15d1!a3!c16x[//16x] [34x] e.g. 61: CD65400,00NTRFNONREF //T37SWIC Information to Account Owner 62a Closing Balance (Booked Funds) 64 Closing Available Balance (Available Funds) 65 Forward Available Balance 86 Remittance information Field There can be multiple instances of a statement line. Each instance can optionally be followed by a tag 86. O 6*65x See Structured assignment of field 86 for more details. M!a6!n3!a15d O O O 6*65 1!a6!n3!a15d 1!a6!n3!a15d Page 1 of 6

2 Structured Assignme ssignment nt of Field 86 1) TAG 86 in MultiCash MC940 is split into several fields (sub-tags). Question mark? is used as a separator between fields. Each field, with the exception of the transaction codes, begins with the separator and the two digits field (sub-tag) code. 2) If, based on the logic described in the table below, the result of the field calculation is empty, then the entire field including the sub-tag code and field separator is dropped and not shown on the message. 3) If, for a particular transaction, there is no additional information, then tag 86 will only contain the transaction type code and description. 4) Not all sub-tags will be populated within the tag 86 for every transaction. 5) The length of the single line within the tag 86 is limited with 65 characters and the total number of lines will not exceed six. The general structure of the tag 86 can be described as follows: Field Code Name Format/ Status Quantity Comments Length Transaction code 3 Numeric Mandatory 1 See section below on valid transaction codes. 00 Posting text 27 alphanumeric Optional 1 Contains description of transaction type. 10 Journal no 10 alphanumeric Optional 1 Not used Remittance 27 alphanumeric Optional 10 Info 30 Payer/Payee 12 alphanumeric Optional 1 bank code 31 Payer/Payee 34 alphanumeric Optional 1 IBAN account number Payer/Payee 27 alpha- Optional 2 Name Remittance Info Continued numeric 27 alphanumeric Optional 4 Transaction Codes Transaction codes are used to categorise the different types of business transactions that the bank processes. The table below describes the codes that will be used by J.P. Morgan. Code 0xx Transaction Posting Text (in sub-field 00) Description DOMESTIC PAYMENTS 001 SCHECK Personal cheque (except eurocheque) 004 LASTSCHRIFT-ABBUCHUNG Direct debit (Pre-authorised payment order procedure) 010 RUECKSCHECK Return account of bills of exchange 012 ZAHLUNGSANWEISUNG Clearing payment instruction 020 UEBERWEISUNGSAUFTRAG Remittance instruction 051 UEBERWEISUNGSGUTSCHRIFT Remittance credit 059 UEBERWEISUNGSRUECKGABE 070 SCHECKEINREICHUNG 073 WECHSEL Reversal of credit for remittances that cannot be credited, credit (reverse remittance) -DTA- Cheque redemption bill of exchange Page 2 of 6

3 1xx 2xx 3xx 4xx 5xx 6xx 7xx 8xx 9xx 075 BSE SCHECK 082 EINZAHLUNG 083 AUSZAHLUNG BSE cheque (cheque collection procedure) Payment on account Withdrawal 092 LASTSCHRIFTEN ACH COLLECTION DOMESTIC PAYMENTS FOREIGN BUSINESS 203 INKASSO Collection 204 AKKREDITIV Letter of credit SECURITIES BUSINESS 302 KUPON/DIVIDEND Coupons / dividends 303 WERTPAPIERKAUF Stocks and bonds FOREIGN EXCHANGE TRANSACTION 401 KASSEDEVISEN Spot exchange MAOBE Reserved Reserved 808 GEBUEHREN 814 ZINSEN 817 ZINSKORREKTUR 820 UEBERTRAG 825 UNIVERSALDARLEHEN 833 ZERO BALANCING 835 SONSTIGE 899 STORNO OTHER Fees Interest Interest correction Carryover General loan Cash concentrating: main account booking Other transactions Reversal Unstructured red content Page 3 of 6

4 Differences Between Current and Future MC940 Outputs Tag 28C (statement numbering) Sample with highlighted impact :28:00674/01 :28C:2/1 Tag 28C is used instead of Tag 28 to conform to SWIFT standards. The statement number will not be padded out with leading zeros. Rather than a single sheet statement, clients will see pagination (in line with SWIFT message size limits). That is, if an account statement exceeds the SWIFT page size limit, then the statement will be split into multiple pages and the sequence number will increment until the end of the statement is reached. 60F (opening balance) PLEASE NOTE: The statement number will be reset to one. :60F:C090930USD ,07 Future ure layout :60F:C090929USD ,07 The previous statement date will be reported as the balance date rather than the current business date of the statement; this is to render the statement compliant with SWIFT rules and align with changes that are being made across our FIN MT940 reporting capabilities. NS 22 If there are additional statement pages, they will contain tag 60M. :NS:22RR REF RRD, This "Non-Swift" tag indicating client account owner will be removed. 61 :61: CD5607,NTRF // :61: CD2821,00NTRF Incoming Credit SWIFT 940 format allows for use of the second line, which will be utilised. Subfields For subfield 00, some descriptions have been modified to ensure that they are within the 27 character limit. For subfields 20 29, reporting output will be enhanced to provide additional transaction detail where it is available. Page 4 of 6

5 62a :62F:C090930USD ,38 :62F:C090930USD ,38 If there are additional statement pages, these will contain tag 62M. 64 No Changes 65 No Changes Sample Statements 1. What the new account statement will look like with no transaction activity: :20:CHASDEFXXXX :25:CHASGB2L/ :28C:1/1 :60F:C091231CHF28392,99 :62F:C100104CHF28392,99 :64:C100104CHF28392,99 2. What the new account statement will look like with some transactional activity: :20:CHASDEFXXXX :25:CHASGB2L/ :28C:1/1 :60F:D091231EUR ,94 :61: DR210,06NINTNONREF Interest Adjustment Debit -659 :61: CR170,32NINTNONREF Credit Interest -354 :61: CR4,75NINTNONREF Credit Interest -354 :61: CR0,97NINTNONREF Credit Interest -354 Sample statement: new account statement with some transactional activity, continued :61: DR72,40NFEXUE DTE C Debit re FX Purchase -514 :86:401?00KASSEDEVISEN?20CHARGES :61: DR5022,12NFEXUE DTE C Debit re FX Purchase -514 :86:401?00KASSEDEVISEN?20CHARGES :61: DR628020,45NFEXUE DTE C Debit re FX Purchase -514 :86:401?00KASSEDEVISEN?20CHARGES :61: DR0,09NINTNONREF Interest Adjustment Debit -659 :86:820?00Uebertrag :62F:D100104EUR ,02 :64:D100104EUR ,02 Page 5 of 6

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