Liquidity management via Swift

For managing liquidity on your settlement accounts, we offer the capability to debit and credit your settlement accounts using pacs.009 or MT202 messages.

Following SWIFT’s migration to ISO 20022, pacs.009 messages have replaced the legacy MT202 format. Where applicable, we will automatically receive or generate a pacs.009 message instead of an MT202.

Funding your Nostro settlement account

You can use pacs.009 messages for the funding flow as illustrated below.

Specifications

The following specifies the mandatory pacs.009 fields required for successful processing of messages received from you.

Field / Requirement	Details
Debtor Account	Your account: `<FICdtTrf><CdtTrfTxInf><DbtrAcct><Id>`
Debtor Agent	Intermediary Agent (If applicable) `<FICdtTrf><CdtTrfTxInf><DbtrAgt>`
Debtor	Your BIC `<FICdtTrf><CdtTrfTxInf><Dbtr><FinInstnId><BICFI>`
Creditor Agent	Our BIC code bilaterally agreed for our relationship `<FICdtTrf><CdtTrfTxInf><CdtrAgt><FinInstnId>`
Creditor	Your BIC `<FICdtTrf><CdtTrfTxInf><Cdtr><FinInstnId><BICFI>`
Creditor Account	Your IBAN `<FICdtTrf><CdtTrfTxInf><CdtrAcct><Id><Iban>`

Below you can find MT202 STP requirements when funding your settlement accounts:

Field name	Comment	MT202 Tag	Mandatory/Optional	Example
Sender reference	The payment reference assigned from our correspondent bank to unambiguously identify the payment/message.	20	M	`20:Intermediary Bank Reference`
Related reference	Contains a reference related to the transaction.	21	M	`21:Additional Reference`
Payment Amount	The amount that will be credited to your settlement account.	32A	M	`32A:191211GBP8`
Payment Currency	The currency of the payment amount. It should match the available settlement account currencies, otherwise the payment will be rejected.	32A	M	`32A:191211GBP8`
Value date	Represents the date from which funds are made available on the settlement account.	32A	M	`32A:191211GBP8`
Ordering Institution	Specifies the ordering institution, when other than the Sender of the message	52A	O/M	`:52A:/Your IBAN with Sender Bank and your BIC`
Account with Institution	The BIC of Banking Circle - both BIC 8 or BIC 11 accepted	57A	M	`57A: Our BIC code bilaterally agreed for our relationship`
Beneficiary Institution	We accept both your BIC 8 or BIC 11	58A	M	`58A: Your BIC Code`

Examples

<Document xmlns="urn:iso:std:iso:20022:tech:xsd:pacs.009.001.08">
	<FICdtTrf>
		<GrpHdr>
			<MsgId>P5607186 298</MsgId>
			<CreDtTm>9999-12-31T00:00:00+00:00</CreDtTm>
			<NbOfTxs>1</NbOfTxs>
			<SttlmInf>
				<SttlmMtd>INDA</SttlmMtd>
			</SttlmInf>
		</GrpHdr>
		<CdtTrfTxInf>
			<PmtId>
				<InstrId>SAMPLEINSTRID</InstrId>
				<EndToEndId>SAMPLERELATEDREF</EndToEndId>
				<UETR>00000000-0000-4000-8000-000000000000</UETR>
			</PmtId>
			<IntrBkSttlmAmt Ccy="EUR">39.00</IntrBkSttlmAmt>
			<IntrBkSttlmDt>2025-09-01</IntrBkSttlmDt>
			<Dbtr>
				<!--Your BIC-->
				<FinInstnId>
					<BICFI>GGGGDKBBXXX</BICFI>
				</FinInstnId>
			</Dbtr>
			<DbtrAcct>
				<!--Your IBAN/BBAN-->
				<Id>
					<Othr>
						<Id>123991234</Id>
					</Othr>
				</Id>
			</DbtrAcct>
			<DbtrAgt>
				<!--Intermediary Agent-->
				<FinInstnId>
					<BICFI>AAAADKBBXXX</BICFI>
				</FinInstnId>
			</DbtrAgt>
			<CdtrAgt>
				<!--BIC of Correspondent Bank-->
				<FinInstnId>
					<BICFI>CCCCDKBBXXX</BICFI>
				</FinInstnId>
			</CdtrAgt>
			<Cdtr>
				<!--Your BIC-->
				<FinInstnId>
					<BICFI>EEEEDKBBXXX</BICFI>
				</FinInstnId>
			</Cdtr>
			<CdtrAcct>
				<!--Your account with Beneficiary Bank and your BIC Code or Your BIC Code-->
				<Id>
					<IBAN>DK99551999900907039999</IBAN>
				</Id>
			</CdtrAcct>
			<RmtInf>
				<Ustrd>TEST</Ustrd>
			</RmtInf>
		</CdtTrfTxInf>
	</FICdtTrf>
</Document>

:20:Transaction Ref
:21:NONREF
:32A:240113USD1,03
:52A: Ordering institution BIC (or :52D: with ordering institution bank code, name and address in case of no BIC available)
:53A: Senders correspondent
:58A:Your BIC 
:72:/INS/ Intermediary BIC

:20:Transaction Ref
:21:NONREF
:32A:240113USD1,03
:52A: Ordering institution BIC
:56A: Banking Circle correspondent BIC 
:57A: Banking Circle BIC
:58A: Your BIC 
:72:Test funding CCY

Sweeping your Nostro settlement account

You can use pacs.009 messages for the sweeping flow as illustrated below.

Specifications

The following specifies the mandatory pacs.009 fields required for successful processing of messages received from you.

Field / Requirement	Details
Debtor Account	Not Applicable
Debtor Agent	Intermediary Agent (If applicable) `<FICdtTrf><CdtTrfTxInf><DbtrAgt>`
Debtor	Not Applicable
Creditor Agent	BIC of Correspondent Bank ' `<FICdtTrf><CdtTrfTxInf><CdtrAgt><FinInstnId>`
Creditor	Your BIC `<FICdtTrf><CdtTrfTxInf><Cdtr><FinInstnId><BICFI>`
Creditor Account	Your account with Beneficiary Bank and your BIC Code or Your BIC Code `<FICdtTrf><CdtTrfTxInf><CdtrAcct><Id><Iban>`

Below you can find our MT202 STP requirements when sweeping your settlement accounts:

Field name	Comment	MT202 Tag	Mandatory/Optional	Example
Sender reference	Your reference, which can be used for payment reconciliation. The value in this field should be unique and not be repeated for any 2 payments.	20	M	`20:Your Reference`
Related reference	Additional reference. The value in this field should be unique and not be repeated for any 2 payments.	21	M	`21:Your Reference`
Payment Amount	The amount that will be debited from your settlement account.	32A	M	`32A:191211GBP8`
Payment Currency	The currency of the payment amount. It should match the available settlement account currencies, otherwise the payment will be rejected.	32A	M	`32A:191211GBP8`
Value date	Represents the requested execution date to Banking Circle to process the payment. Only current or future dates are accepted. If the payment instruction is submitted after cut-off, the value date should be set to the next business day.	32A	M	`32A:191211GBP8`
Intermediary Bank	The financial institution through which the Account with Institution settles payments.	56A	O	`56A: Intermediary Bank BIC`
Account with Institution	The BIC of your correspondent bank - BIC 8 or BIC 11.	57A	M	`57A: Your Correspondent Bank BIC`
Beneficiary Institution	We accept both your BIC 8 or BIC 11.	58A	M	`58A: /Your account with Beneficiary Bank and your BIC Code` or `Your BIC Code`

Examples

<Document xmlns="urn:iso:std:iso:20022:tech:xsd:pacs.009.001.08">
	<FICdtTrf>
		<GrpHdr>
			<MsgId>P5607186 298</MsgId>
			<CreDtTm>9999-12-31T00:00:00+00:00</CreDtTm>
			<NbOfTxs>1</NbOfTxs>
			<SttlmInf>
				<SttlmMtd>INDA</SttlmMtd>
			</SttlmInf>
		</GrpHdr>
		<CdtTrfTxInf>
			<PmtId>
				<InstrId>SAMPLEINSTRID</InstrId>
				<EndToEndId>SAMPLERELATEDREF</EndToEndId>
				<UETR>00000000-0000-4000-8000-000000000000</UETR>
			</PmtId>
			<IntrBkSttlmAmt Ccy="EUR">39.00</IntrBkSttlmAmt>
			<IntrBkSttlmDt>2025-09-01</IntrBkSttlmDt>
            <DbtrAgt><!--Intermediary Agent-->
					<FinInstnId>
						<BICFI>AAAADKBBXXX</BICFI>
					</FinInstnId>
				</DbtrAgt>
			<CdtrAgt><!--BIC of Correspondent Bank-->
				<FinInstnId>
					<BICFI>CCCCDKBBXXX</BICFI>
				</FinInstnId>
			</CdtrAgt>
			<Cdtr><!--Your BIC-->
				<FinInstnId>
					<BICFI>EEEEDKBBXXX</BICFI>
				</FinInstnId>
			</Cdtr>
			<CdtrAcct><!--Your account with Beneficiary Bank and your BIC Code or Your BIC Code-->
				<Id>
					<IBAN>DK99551999900907039999</IBAN>
				</Id>
			</CdtrAcct>
			<RmtInf>
				<Ustrd>TEST</Ustrd>
			</RmtInf>
		</CdtTrfTxInf>
	</FICdtTrf>
</Document>

:20: Transaction reference 
:21: Related reference
:32A:250115USD01,03
:57A:BIC of Correspondent Bank
:58A: Your BIC
:72: Test defunding CCY