BDDTRS22

Payment Instructions

General instructions for international payments to banks in SERBIA:

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, IBAN, and beneficiary bank address). For additional information, please refer to www.nbs.rs.

SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Serbia. SEPA standards do not apply for Serbian dinar payments.

Payment Formatting Rules for RSD:

• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
• Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxRSxx or xxxxRSxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.

IBAN: In Serbia, the IBAN consists of 22 characters. The structure is RS2!n3!n13!n2!n. An example of an electronic format is RS98123456789123456789, and a print format example is RS98 1234 5678 9123 4567 89.

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of BROKERSKO DILERSKO DRUSTVO TESLA, CAPITAL A.D. BEOGRAD for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from BROKERSKO DILERSKO DRUSTVO TESLA, CAPITAL A.D. BEOGRAD, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Disclaimers

We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.