DIGLSCSC

Payment Instructions

General instructions for international payments to banks in SEYCHELLES:

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address).

Central Bank: For additional information, please refer to www.cbs.sc.

Payment instructions are required 48 hours before the value date.

Payment Formatting Rules for SCR:

• 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, full name, and address of the exact location of the beneficiary bank.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.

SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSCxx or xxxxSCxxxxx. The exact location of the branch must be provided to avoid payment delays.

IBAN: Effective October 2016, Seychelles requires an IBAN for SCR accounts. The IBAN structure in Seychelles is SC2!n4a!2n!2n!16n!3a!, consisting of 27 characters. For example, electronic format: SC12SSCB98761234567891234567USD, print format: SC12 SSCB9876 1234 5678 9123 4567 USD.

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of DIGITAL BANK LIMITED for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from DIGITAL BANK LIMITED, 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.