Passitive is a SWIFT payment message type/format used for cash transfer specifically for cross border/international wire transfer.
Below are the fields of an MT103 message. These fields are referred to as tags.
|20||Transaction reference number|
|23B||Bank operation code|
|32A||Value date / currency / interbank settled|
|33B||Currency / original ordered amount|
|50A, F or K||Ordering customer (payer) or address of the remitter.|
|52A or D||Ordering institution (payer's bank)|
|53A, B or D||Sender's correspondent (bank)|
|54A, B or D||Receiver's correspondent (bank)|
|56A, C or D||Intermediary (bank)|
|57A, B, C or D||Account with institution (beneficiary's bank)|
|59 or 59A||Beneficiary 4x35|
|71A||Details of charges (OUR/SHA/BEN)|
|72||Sender to receiver information|
In the above table, tags 52, 53, 54, 56, and 57 preferably contain ISO 9362 Business Identifier Codes (BICs), whereas tags 50 and 59 preferably contain an account number or a BIC.
As per SWIFT standards, the account number is to be in IBAN (International Bank Account Number) format or in BBAN format (for domestic payments).