MUNIUA22

Payment Instructions

General instructions for international payments to banks in UKRAINE: 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). Due to Onshore restrictions: Payments related to Humanitarian aid cannot be facilitated except for the UN, who can fund UN beneficiaries for operational purposes with the transaction code 8424. Payments for purpose of payroll cannot be facilitated. Payments for commercial purposes are supported. This constitutes settlements between residents and non-residents or export and import of goods (products, services, works, intellectual property rights, and other non-property rights intended for sale/delivery against payment). Payment details should contain the number and date of agreement/contract/invoice, the transaction code, and a detailed purpose of payment.

Payment Formatting Rules for UAH:
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) or full name, and address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxUAxx or xxxxUAxxxxx.

In Ukraine, the IBAN consists of 29 characters. The structure is 'UA2!n6!n19!n'. The electronic format example is UA213223130000026007233566001, and the print format example is UA21 3223 1300 0002 6007 2335 6600 1. IBAN numbers for beneficiaries with accounts in Ukraine must be included in the payment instructions.

Reason for Payment (SWIFT MT103 F70): Provide an in-depth, detailed purpose of payment, specifying categories like rent, salary, medical expenses, office expenses, etc.

Requested MT 103 - Option 1:

• Include a 4-character Operation Code (list of applicable codes available upon request) followed by prefixed fields: 804 (Country Code for Ukraine) and 999 (Code for all non-residential ordering customers). These are mandatory.
• An 8-digit tax ID for corporates and a 10-digit tax ID for individuals are required.
• Example format: :70: Reimbursement of medical expenses /REC/XXXX.804.999 TAX ID XXXXXXXX(XX)

• In the 'Sender to receiver' section (SWIFT MT103 F72), include a 4-character Operation Code followed by prefixed fields: 804 (Country Code for Ukraine) and 999 (Code for non-residential customers). These are mandatory.
• A 3-digit country code is required.
• An 8-digit tax ID for corporates and a 10-digit tax ID for individuals are mandatory.
• Format Field72 as: /REC/XXXX.804.999.XXX.XXXXXXXXXX where XXXX is the unique transaction code, 804 is the Country Code for Ukraine, 999 is for non-residential ordering customers, XXX is the remitter's country code, and XXXXXXXXXX represents the tax code.
• Example format: :72: /REC/XXXX.804.999.XXX.XXXXXXXX

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of TASCOMBANK JSC for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from TASCOMBANK JSC, 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.