MT940 transaction codes
The transaction type identification codes SWIFT defines for field 61 of MT940 and MT942 statements: 3 transaction types (S, N and F) and 57 identification codes such as TRF, CHK and MSC, written as NTRF, NCHK and NMSC in a statement line.
Transaction types
| Type | Name | Meaning |
|---|---|---|
| S | SWIFT transfer | For entries related to SWIFT transfer instructions and subsequent charge messages. With transaction type S, the identification code is the message type of the SWIFT message causing the entry (for debit entries) or the message type of the SWIFT message used to advise the account owner (for credit entries); it must be a number in the range 100 to 999, for example S103. |
| N | Non-SWIFT transfer | For entries related to payment and transfer instructions, including related charges messages, not sent through SWIFT or where an alpha description is preferred. It is followed by one of the three-character identification codes, for example NTRF. |
| F | First advice | For entries being first advised by the statement (items originated by the account servicing institution). It is followed by one of the three-character identification codes, for example FCHG. |
Identification codes
| Code | Name |
|---|---|
| NBNK | Securities Related Item - Bank Fees |
| NBOE | Bill of Exchange |
| NBRF | Brokerage Fee |
| NCAR | Securities Related Item - Corporate Actions Related |
| NCAS | Securities Related Item - Cash in Lieu |
| NCHG | Charges and Other Expenses |
| NCHK | Cheques |
| NCLR | Cash Letters/Cheques Remittance |
| NCMI | Cash Management Item - No Detail |
| NCMN | Cash Management Item - Notional Pooling |
| NCMP | Compensation Claims |
| NCMS | Cash Management Item - Sweeping |
| NCMT | Cash Management Item - Topping |
| NCMZ | Cash Management Item - Zero Balancing |
| NCOL | Collections |
| NCOM | Commission |
| NCPN | Securities Related Item - Coupon Payments |
| NDCR | Documentary Credit |
| NDDT | Direct Debit Item |
| NDIS | Securities Related Item - Gains Disbursement |
| NDIV | Securities Related Item - Dividends |
| NEQA | Equivalent Amount |
| NEXT | Securities Related Item - External Transfer for Own Account |
| NFEX | Foreign Exchange |
| NINT | Interest Related Amount |
| NLBX | Lock Box |
| NLDP | Loan Deposit |
| NMAR | Securities Related Item - Margin Payments/Receipts |
| NMAT | Securities Related Item - Maturity |
| NMGT | Securities Related Item - Management Fees |
| NMSC | Miscellaneous |
| NNWI | Securities Related Item - New Issues Distribution |
| NODC | Overdraft Charge |
| NOPT | Securities Related Item - Options |
| NPCH | Securities Related Item - Purchase (including STIF and Time deposits) |
| NPOP | Securities Related Item - Pair-off Proceeds |
| NPRN | Securities Related Item - Principal Pay-down/Pay-up |
| NREC | Securities Related Item - Tax Reclaim |
| NRED | Securities Related Item - Redemption/Withdrawal |
| NRIG | Securities Related Item - Rights |
| NRTI | Returned Item |
| NSAL | Securities Related Item - Sale (including STIF and Time deposits) |
| NSEC | Securities |
| NSLE | Securities Related Item - Securities Lending Related |
| NSTO | Standing Order |
| NSTP | Securities Related Item - Stamp Duty |
| NSUB | Securities Related Item - Subscription |
| NSWP | Securities Related Item - SWAP Payment |
| NTAX | Securities Related Item - Withholding Tax Payment |
| NTCK | Travellers Cheques |
| NTCM | Securities Related Item - Tripartite Collateral Management |
| NTRA | Securities Related Item - Internal Transfer for Own Account |
| NTRF | Transfer |
| NTRN | Securities Related Item - Transaction Fee |
| NUWC | Securities Related Item - Underwriting Commission |
| NVDA | Value Date Adjustment |
| NWAR | Securities Related Item - Warrant |
Where Polynopsis fits
Polynopsis reads bank statement files in BAI2, MT940 and ISO 20022 camt.053, read-only, and puts every bank balance into one live position with payout partner, exchange and stablecoin wallet balances, including money in flight.
Sources
- SWIFT Category 9 - Cash Management and Customer Status, Standards MT November 2024, Message Reference Guide (19 July 2024), MT 940 field 61 and MT 942 field 61 · SWIFT (copy hosted by BNP Paribas)
- SWIFT Category 9 Message Reference Guide, Standards MT November 2019 · SWIFT
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.
About Polynopsis
Polynopsis is liquidity management software for cross-border payment companies. The name joins poly, many, and synopsis, a seeing together: one live view of money spread across many banks, payout partners, exchanges and stablecoin wallets, including money in flight, with a warning before any corridor runs dry.
Why it is called Polynopsis · About Polynopsis · Glossary · Corridor runway calculator