Hints and Tips: Distinguish payments by including information for the beneficiary

Last updated: 6 February 2017

When possible, use the Information for the beneficiary section to identify unique details for each payment. This section in the Priority Payment form allows you to convey payment information to the beneficiary such as invoice and reference details. This will help you, and the beneficiary, distinguish multiple payments made to the same beneficiary where the amount and value date are the same.

You can input beneficiary information in up to four “Remittance information” fields within the Information for the beneficiary section. Select the desired SWIFT code word from the drop-down list. Each field has a maximum length of 30 characters. Use multiple fields for the same code word if you need to enter more information. Descriptions of each code word are listed for your reference.

SWIFT code words for Remittance information
/INV/	Invoice (followed by the date, reference and details of the invoice)
/ROC/	Ordering customer’s reference
/RFB/	Reference for the beneficiary customer (followed by up to 16 characters)
/IPI/	Unique reference identifying a related International Payment Instruction