MT-TAG-50A

MT tag 50a identifies the Ordering Customer of an MT 103; sub-options 50A (BIC), 50F (Identifier + structured address line) and 50K (free text).

Definition

Tag 50a is the KYC pivot of a wire transfer: it describes the customer at the origin of the payment. Since FATF Recommendation 16 (2012) and SWIFT MT 2018, the structured 50F sub-option is preferred to provide name, address, tax identifier in machine-actionable form.

Origin

Present since early MT 1xx versions. Structured sub-option 50F arrives with SWIFT Standards 2018 to meet anti-money-laundering requirements.

Use

An MT 103 from a BNP Paribas customer to a US supplier carries :50F:/FR7630003000300012345678901\n1/Acme SARL\n2/12 rue de Rivoli\n3/FR/Paris. This structure lets transit banks filter (PEP, sanctions) automatically.

Related terms

• MT tag 59a — beneficiary customer.
• ISO 20022 — ISO 20022 successor.
• MT tag 52a — ordering institution.
• CdtTrfTxInf — ISO 20022 equivalent.