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MT103 --SINGLE CUSTOMER TRANSFER.

Posted: Thu Jan 11, 2018 7:13 am
by dinesh2476
Dear Experts,

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

OUR
SHA
BEN

:71A:(Details of Charges)
BEN

Regards
Dinesh

Re: MT103 --SINGLE CUSTOMER TRANSFER.

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

Re: MT103 --SINGLE CUSTOMER TRANSFER.

Posted: Fri Jan 12, 2018 12:16 pm
by picant
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

Re: MT103 --SINGLE CUSTOMER TRANSFER.

Posted: Mon Nov 05, 2018 9:36 pm
by AMRIT1085
What if it is sent by everest bank to SCB New york using SHA in field 72 and bene bank is ping an bank ...
Then in that case who will bear the charge of SCB New york....
How the charges of scb new york is recovered... will scb deduct its charges from the bill/tt amount

Re: MT103 --SINGLE CUSTOMER TRANSFER.

Posted: Mon Nov 12, 2018 10:09 pm
by Siddhanjan
Yes, SCB will recover its charges from the fund remitted in case of SHA.