MT103 --SINGLE CUSTOMER TRANSFER.

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dinesh2476
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MT103 --SINGLE CUSTOMER TRANSFER.

by dinesh2476 » Thu Jan 11, 2018 7:13 am

Dear Experts,

Need clarify for the field available in MT103 and How it works.

OUR
SHA
BEN

:71A:(Details of Charges)
BEN

Regards
Dinesh

anhphuoc892
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Re: MT103 --SINGLE CUSTOMER TRANSFER.

by anhphuoc892 » Fri Jan 12, 2018 8:43 am

this is the definition of OUR SHA and BEN in SWIFT.
BEN - All transaction charges are to be borne by the beneficiary customer.

OUR - All transaction charges are to be borne by the ordering customer.

SHA - Transaction charges on the Sender's side are to be borne by the ordering customer, transaction charges on the Receiver's side are to be borne by the beneficiary customer.

i hope this answer is helpful for you

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picant
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Re: MT103 --SINGLE CUSTOMER TRANSFER.

by picant » Fri Jan 12, 2018 12:16 pm

Hi Pal,

our, means that the remitting bank will pay all charges, beneficiary will get the full amount.
Sha, remitting bank will charge orderer and beneficiary's bank the beneficiry
Ben, all charges to be borne by beneficiary.

That's all

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