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MT940 format explanation

jithendrashiva
Participant
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Hi Experts

Can anyone explain MT940 format with each record?

Thanks & Regards

Jithendra Shivashankar

Accepted Solutions (0)

Answers (2)

Answers (2)

jithendrashiva
Participant
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Hi Bohdan Petrushchak

Thanks for your input.

Regards

Jithendra Shivashanakar

Bohdan
Active Contributor
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Hi jithendrashiva,

MT940 is not very complicated format, but there are lots of fields. I doubt anyone will spend the time to go through each one and explain them to you. But if you want a deep dive, please check out the OSS-note 2471036 - FF_5 : Note to payee information is not copied completely from tag 61. It has the attachment with official description of the format in the way it is supported by SAP. There is an explanation & specification for each field.

Besides, I would also suggest to reach out to your bank and ask them for documentation as well. The reason is simple: although there are generally expected requirements for the format, each bank approaches it differently. In fact, I can say that the format in terms of the fields formatting is unique for each bank.

Regards,

Bohdan