Category 9: Cash management and customer status
MT972 Netting Interim Statement
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The MT972 is an interim netting statement. A netting system sends it, on request or at agreed times, to a subscriber with the transactions recorded so far that involve the receiving institution. It has the same layout as the MT970.
- Message type
- MT972
- Category
- 9
- Status
- In the current standard
- ISO 20022
- No direct equivalent
What MT972 is used for
Unlike in the MT970, a transaction can appear in more than one MT972 when several interim statements are produced for the same netting position. Entries are sorted by ascending amount within debits and credits. A subscriber asks for it with an MT973.
- Sent by
- A netting system
- Sent to
- A subscriber to the netting system
MT972 format: sequences and fields
Message text (block 4)Mandatory
Same layout as the MT970. The currency in 60a, 62a and 64 must be the same.
| Tag | Name | Status | Format | Meaning |
|---|---|---|---|---|
| 20 | Transaction Reference Number | M | 16x | The sender’s reference for the interim statement. |
| 25 | Account Identification | M | 35x | The netting position or account reported. |
| 28C | Statement Number/Sequence Number | M | 5n[/5n] | Statement number and, when it is split, the page number. |
| 60a | Opening BalanceOptions F or M | M | F: 1!a6!n3!a15d M: 1!a6!n3!a15d | Opening balance: F for the first, M for an intermediate one on a continuation page. |
| 61 | Statement LineRepeatable | O | 6!n[4!n]2a[1!a]15d1!a3!c16x[//16x] [34x] | One recorded transaction: value date, debit or credit, amount, type and references. |
| 62a | Closing BalanceOptions F or M | M | F: 1!a6!n3!a15d M: 1!a6!n3!a15d | Closing balance: F for the final one, M when the statement continues. |
| 64 | Closing Available Balance | O | 1!a6!n3!a15d | Available balance of the netting position. |
Format notation: n digits, a upper-case letters, c upper-case letters and digits, x any character of the Swift character set, d a decimal number with a comma, ! fixed length, [ ] optional, 4*35x up to 4 lines of 35 characters. M mandatory, O optional, C conditional (a rule decides).
ISO 20022
There is no direct ISO 20022 equivalent in general use for the netting interim statement.
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