pacs.009.001.10 — Financial Institution Credit Transfer ​

ISO nameFinancialInstitutionCreditTransferV10
Registration statusRegistered
Year2019
Version10

Overview ​

The pacs.009 message is used for credit transfers between financial institutions where the transfer is on the institution's own behalf rather than on behalf of a customer. It supports interbank funding, cover payments, and liquidity management.

Key data elements ​

  • GrpHdr — Group Header with message identification and settlement information
  • CdtTrfTxInf — Credit Transfer Transaction Information with interbank settlement amount
  • Dbtr / DbtrAgt — Debtor institution and its agent identification
  • Cdtr / CdtrAgt — Creditor institution and its agent identification
  • IntrBkSttlmAmt — Interbank Settlement Amount in the settlement currency

Business context ​

  • Used for bank-to-bank own-account transfers and cover payments
  • Supports liquidity management between correspondent banking partners
  • Carries the cover leg of customer credit transfers settled via cover method
  • Enables treasury and funding operations between financial institutions

CBPR+ and scheme context ​

  • Replaces MT202 and MT202COV for institution-to-institution transfers
  • Cover method flows pair pacs.009 with the underlying pacs.008 customer instruction
  • Structured party data and LEI identification increasingly required
  • SWIFT gpi covers pacs.009 for correspondent banking transparency

Message flow ​

The debtor institution sends pacs.009 to the creditor institution to transfer its own funds. For cover-method payments, pacs.009 provides the funding leg while pacs.008 carries the customer instruction through a separate path.

Last updated: