Clearing & Settlement (pacs)Replaces MT 103Nov 2026 milestone
pacs.008
FI to FI Customer Credit Transfer
From 14 Nov 2026 a pacs.008 with fully unstructured debtor/creditor postal addresses is rejected across SWIFT, Fedwire, and CHIPS. Structured (or hybrid) addresses become the only accepted forms.
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 November 2026 address rules bite on: fully unstructured addresses are no longer accepted.
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 required from Nov 2026. |
| CdtTrfTxInf/RmtInf | Remittance information | Structured (Strd) strongly preferred over unstructured (Ustrd). |
Work with this message
Other messages
head.001Business Application Header (BAH)pacs.009FI Credit Transferpacs.002FI to FI Payment Status Reportpacs.004Payment Returnpain.001Customer Credit Transfer Initiationpain.002Customer Payment Status Reportpain.008Customer Direct Debit Initiationcamt.052Bank to Customer Account Reportcamt.053Bank to Customer Statementcamt.054Bank to Customer Debit/Credit Notificationcamt.056FI to FI Payment Cancellation Requestcamt.029Resolution of Investigationcamt.110Investigation Requestcamt.111Investigation Response