FI to FI Customer Credit Transfer
Overview
pacs.008 replaces the MT 103 as the interbank customer credit transfer. It carries the full party chain — debtor, debtor agent, intermediary agents, creditor agent, creditor — plus settlement amount and date, charge bearer, purpose codes, and structured remittance information.
Compared with the MT 103's free-format fields 50/59, pacs.008 parties carry structured name, postal address, identification (LEI, account), and country sub-elements. This structure is exactly what the structured-address rules bite on: once a rail enforces them, fully unstructured addresses are rejected. Enforcement dates now differ by rail — Fedwire in November 2027, Swift CBPR+ deferred pending a new date, SEPA (EPC) also deferred on 9 September 2026, with no new end-date announced as of 15 Oct 2026.
Key elements
| Element | Name | Notes |
|---|---|---|
| GrpHdr/MsgId | Message identification | — |
| GrpHdr/SttlmInf/SttlmMtd | Settlement method | INDA / INGA / COVE / CLRG. |
| CdtTrfTxInf/PmtId/UETR | UETR | End-to-end gpi tracking reference — mandatory. |
| CdtTrfTxInf/IntrBkSttlmAmt | Interbank settlement amount | With Ccy attribute; MT 103 field 32A. |
| CdtTrfTxInf/ChrgBr | Charge bearer | DEBT / CRED / SHAR — MT 103 field 71A. |
| CdtTrfTxInf/Dbtr / Cdtr | Debtor / creditor | Structured or hybrid postal address (at minimum town name + country) once each rail enforces — see the migration status table. |
| CdtTrfTxInf/RmtInf | Remittance information | Structured (Strd) strongly preferred over unstructured (Ustrd). |