STYCUS3A

Payment Instructions

General instructions for international payments to banks in UNITED STATES OF AMERICA (USA):

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).

Country Requirements/Restrictions:

• Currency & Clearing Information: The Federal Reserve Bank and the Clearing House Interbank Payment System (CHIPS) facilitate domestic clearing. The U.S. has high- and low-value payment systems. The Federal Reserve bank assigns each member a unique nine-digit ABA number to operate in the national clearing system. The Clearing House assigns each member a unique participant code.
• Account Restrictions: Know Your Customer (KYC) requirements by financial institutions have become more stringent for opening accounts. Non-residents can hold in-country accounts.

Payment Formatting Rules for USD:

• 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, full name, and address of the beneficiary customer. Use of initials can delay receipt of funds by the beneficiary. As best practice, the beneficiary's full name and account number must be included. Additionally, ensure you have the recipient’s account number and full name as registered with the bank.
• Beneficiary Bank (SWIFT MT103 F57): Include ABA routing number or CHIPS participant code (if available), SWIFT BIC, full name, and address of the beneficiary bank. If available, provide the ABA routing number or CHIPS participant code for the beneficiary bank. Include the SWIFT BIC to direct payments to the United States. The receiving bank will then enter the payment into the domestic Federal Reserve (FED) clearing system. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxUSxx or xxxxUSxxxxx. As best practice, include beneficiary bank name and address. Additionally, ensure you have the recipient’s bank name, address, and account number.

Additional Information: The Fed or CHIPS reference number is used to confirm the receipt of funds. Most domestic urgent transactions are electronic and processed the same day. Ensure you have a valid U.S. bank account number and the bank's routing number. Use the SWIFT code of the recipient's bank for international wire transfers. Ensure all personal information, such as the recipient's full name and address, is accurate and matches the bank's records. Check with your bank for any additional requirements or fees for international transfers.

To make cross-border payments to the United States, ensure that you provide the recipient's full name as per their bank records, the receiving bank's routing number (also known as the ABA number), which is a 9-digit code, and the recipient's account number. It is essential to verify these details with the recipient to avoid any payment issues.

For payments via SWIFT, make sure to include the bank's SWIFT/BIC code. Additional information such as the recipient’s bank address may also be required.

IBAN: No

Correspondent Banks

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

Payment Tracking

To track a SWIFT cross-border payment to or from STRYKER CORPORATION, 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.