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Customers with accounts in the Mexico: mandatory Purpose of Payment codes for domestic USD (SPID) payments

Please review the below for detailed information on how to include Purpose of Payment codes in your domestic USD (SPID) payments in Mexico.

SPID payments submitted via the File Upload service

If you are submitting Priority Payment/Customer Transfer files using the File Upload service, please refer to the field details provided in the table below:

File Format
 Description
PAYMUL
FTX+ABY
XML ISO20022 (v2)
<RgltryRptg><RgltryDtls><Inf>
XML ISO20022 (v3)
<RgltryRptg><Dtls><Inf>
MT103
:77B:
MXINTL

CSV: Column 28 and TXT: Position 728 with the Purpose of payment

The Purpose of payment should contain the following information:  
/BENEFRES/Country Code*//Purpose of payment. 
Example:
. /BENEFRES/MX//01

* Country code should be 2 characters as per ISO standard.

Purpose of Payment codes for SPID payments from accounts in Mexico:

Purpose of Payment code
 Description
01
Settlement of securities transactions
02
Settlement of derivative operation
03
Exchange transaction settlement
04
Services payment
05
Goods payments
06
Granting loan
07
Loan repayment
08
Other

Important reminder about SPID beneficiary registration

SPID payments can only be issued to registered beneficiaries. To register your SPID beneficiaries, please contact your HSBC representative to complete and submit a SPID beneficiary registration form.

Please note, once a SPID beneficiary’s account has been registered with HSBC, they will be registered for both on-screen as well as File Upload payments.

 

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