MCB Bank Pakistan

As per the instruction of Central Bank of Bahrain, effective May 31, 2021, Purpose of Payment Code is required to mentioned in Field 77B of MT-103 for cross-border SWIFT messages. Therefore, all customers/ banks are requested to use purpose codes mentioned in the attached list in cross border swift messages. Example for use of purpose code is given below for reference.

Example:

TTYP	TDESC
ACM	Agency Commissions
AES	Advance payment against EOS
AFA	AFL
ALW	Allowance
ATS	Air transport

To view, Purpose Codes for All Cross-Border SWIFT Payments, please click here

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