Poland: Recommendation to split cash instructions in PLN
Split of cash instructions above PLN 500,000,000
Effective
immediately
in order to anticipate possible rule changes concerning cash payments in Poland and to improve the efficiency of the payment processing,
customers are recommended to split all payments that are bigger than
PLN 500,000,000 (approximately EUR 120 million).
Reminder of MT103 instruction format
Customers are reminded that in order to ensure straight-through processing (STP) and achieve better efficiency in the credit of the beneficiary of the funds, the following format should be used to identify the beneficiary of the funds.
Failure to use IBAN accounts in payment instructions may result in payments being delayed or rejected at our cash correspondent bank level.
In field 59a (Beneficiary Customer): For option A or no letter option, a plausible IBAN is required, that is an IBAN that has passed the ISO 13616 module check.
| Mandatory/Optional | Tag | Field Name | CBL STP requirements |
| M | :20: | Sender's Reference | |
| M | :23B: | Bank Operation Code | CRED |
| M | :32A: | Value Date, Currency, Interbank Settled Amount | |
| O | :33B: | Currency/ Instructed Amount | |
| M | :50A: | Ordering Customer | 5 digit CBL account |
| M | :52A: | Ordering Institution | |
| M | :53B: | PL69103015080000000502343009 | |
| O | :56a: | Intermediary Institution | |
| M | :57a: | Account with Institution | |
| M | :59a: | Beneficiary Customer | Plausible IBAN |
| O | :70: | Remittance Information | |
| M | :71A: | Details of Charges |
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.