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    SWIFT Handbook Pages 30

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    SWIFT Handbook Pages 30

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    SWIFT Handbook Pages 30

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    xemil91556

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    © All Rights Reserved
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    of 1

    Meldungen Handbook for payments via SWIFT

    B.1.6 Value date fields

    A participant prescribes a value date (SWIFT 32A) for outgoing payments; the
    SIC/euroSIC system, on the other hand, uses the "Target value date" 2 and
    "Settlement date" 3 fields.
    The contents of these fields may be different, for details please see the SIC/euroSIC
    User Manual, section B1, paragraph "Setting the settlement date".
    When a settled payment is being delivered to the beneficiary bank, the following
    therefore applies to all SWIFT messages:
    Field Comment/content
    User Header in FIN, The settlement date and settlement time are shown using the
    Message User following code words:
    Reference; Feld 108 Settlement date = Code “A“ plus date in the form (YYMMDD)
    (Optional Message Settlement time = Code “T“ plus time in the form (HHMMSS)
    User Reference)
    32A The required value date from the original message is transferred into
    SWIFT field 32A.

    B.1.7 MT202COV/B12 (cover payments)

    Banks can send cover payments via SWIFT MT202COV/B12 to SIC and euroSIC.
    These messages are also sent out as MT202COV/B12 to those banks that are con-
    nected via SWIFT. For SIC/euroSIC Interface banks, they are sent out as MT B12
    "Extended covering funds (cover payment)" (see also SIC/euroSIC User Manual).

    2
    SIC field 16; the value date required by the sender bank
    3
    SIC field 92A; the clearing day on which the transaction was actually settled
    30 Version 3.5 / 18 November 2011

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