First Republic JPMorgan Chase Conversion SFTP MT942 Spec
Table of contents
Tag 86: Information to Account Owner
• FRB
• Pre-Migration and JPMorgan
Tag 86: Examples
• Wire Debit
• ACH Credit
• Automatic Dollar Transfer
Appendix A: Tag 61 MT942 Codes
Appendix D: Sample MT942 Comparison
Appendix E: Pre-Migration MT942 Examples
• FEDWire
• ACH
• Checks
Introduction
To ease the transition to JPMorgan, First Republic Bank (FRB) can provide a “Pre-Migration” MT942 file which replicates some of the variances between a MT942 file generated by First Republic Bank and an MT940 file generated by JPMorgan (JPM).
Although both FRB and JPM follow the MT942 specifications, field values differ. In addition, the contents of tag 86 will vary.
First Republic will allow you to simultaneously receive both your existing FRB MT942 and the Pre-Migration MT942, or you can opt to only receive the Pre-Migration format.
The Pre-Migration MT942 will use your production FRB data. This will allow you to being to prepare for the actual migration to JPMorgan.
The charts in the following pages highlight the differences between a First Republic Bank MT942 file, the Pre-Migration MT942 file, and a JPMorgan MT942 file.
Please be aware that once you migrate to JPMorgan, additional variances may appear.
NOTE:
The JPM Host-to-Host format does not use the SWIFT block information.
Blocks 1, 2, 3, or 5 will not be present. The files will begin with tag :20: and ends in a ‘-‘ . Please see examples below.
MT942
|
Field |
Status |
Field Name |
First Republic Bank |
Pre-Migration |
JPMorgan |
||
|---|---|---|---|---|---|---|---|
|
20 |
M |
Transaction Reference Number |
Last 5 of the account number followed by YYMMDD |
Both the Pre-Migration and the JPMorgan files will provide the Statement Date in YYMMDD format followed by the last 10 digits of account number prefixed by zeros |
|||
|
21 |
O |
Related Reference |
Not used |
Default to '321081669' |
Default to ‘021000021’ |
||
|
25 |
M |
Account Identification |
Account Number |
If account number < 11-digit, prefix by 0 |
|||
|
28C |
M |
Statement/ Sequence Number |
YY followed by the Ordinal Date /page sequence number |
Both the Pre-Migration and the JPMorgan files will report YY followed by the Ordinal Date /page sequence number padded with |
|||
|
34F |
M |
Debit Floor Limit Indicator |
Combined credit/debit limit indicator |
*** no change *** |
|||
|
34F |
M |
Debit Floor Limit Indicator |
Not used |
Not used |
|||
|
13D |
M |
Date/Time Indicator |
For further information about the subfields, see Appendix B |
*** no change *** |
|||
|
61 |
M |
Statement Line |
Subfield |
Description |
FRB |
Pre-Migration |
JPMorgan |
|
1 |
Value Date |
YYMMDD |
|||||
|
2 |
Entry Date |
MMDD |
|||||
|
3 |
Credit/Debit Indicator |
C or D |
|||||
|
4 |
Funds Code |
Not used |
Default to "D" |
Default to "D" |
|||
|
5 |
Amount |
||||||
|
6 |
Transaction Type |
Default to "F" |
Default to "N" |
Default to "N" |
|||
|
7 |
Transaction Code |
ID code from Appendix A |
ID code from Appendix A |
ID code from Appendix A |
|||
|
8 |
Reference for the Account Owner |
Will be reported |
Will be reported |
||||
|
9 |
Account Servicing Institutions Reference |
Will be reported |
Will be reported |
||||
|
10 |
Supplementary Details |
Not reported |
Not reported |
||||
|
86 |
O |
Information to Account Owner |
Please see Tag 86 section below which highlights current and future differences. |
||||
|
90D |
M |
Number and Sum of Debit Entries |
*** no change *** |
*** no change *** |
|||
|
90C |
M |
Number and Sum of Credit Entries |
*** no change *** |
*** no change *** |
|||
Tag 86: Information to Account Owner
FRB
- The delimiter between fields is a slash “/”.
- The following tags appear in tag 86:
Pre-Migration and JPMorgan
- The delimiter between fields is a comma “,”.
- The JPM Code and Desc are shown in Appendix A.
- The following tags may be present in both the Pre-Migration and JPMorgan MT942:
|
Wires: Pre-Migration and JPMorgan |
|||
|
Label |
Data |
||
|---|---|---|---|
|
YOUR REF= |
Reference for Beneficiary |
||
|
REC FROM= |
[Debit Party Name] |
||
|
PAID TO= |
[Credit Party Name] |
||
|
FED ID= |
[ABA][Orig or Bene] |
||
|
B/O CUSTOMER= |
[Ordering Customer] or [Ordering Bank] |
||
|
B/O BANK= |
[Ordering Bank] |
||
|
ACCT PARTY= |
[Ultimate Beneficiary] [Debit] |
||
|
REMARK= |
[(OBI) Information] |
||
|
REC GFP= |
default to '00000000' |
||
|
MRN SEQ= |
default to '000000000000' |
||
|
FED TIME= |
default to '23:59' |
||
|
FED REF= |
Elements separated by a single space + **VIA FED** |
||
|
ACH: Pre-Migration and JPMorgan |
|||
|
Label |
Data |
||
|---|---|---|---|
|
ORIG CO NAME= |
Sender Name |
||
|
ORIG ID= |
Originating Id |
||
|
ENTRY DESCR= |
Entry Description |
||
|
ENTRY CLASS= |
ACH Entry class |
||
|
TRACE NO= |
Trace NBR |
||
|
ENTRY DATE= |
Entry Date (YYMMDD) |
||
|
IND ID= |
Receiver Id |
||
|
IND NAME= |
Receiver Name |
||
|
ORIG BANK= |
Originating Bank |
||
Tag 86: Examples
Wire Debit
|
FRB |
Pre-Migration |
|---|---|
|
:86:BAI CD:495/ORG:ZZZ OPRIMAL FUND LLC C ORG ADDR:O XY CAPITAL 100 M |
:86:BAI=495;YOUR REF=11112345,PAID TO=FLUIDY BANK,ACCT PARTY=MRFR |
ACH Credit
|
FRB |
Pre-Migration |
|---|---|
|
:86:BAI CD:195/ORG:NB COYOTES PRIVATE ASSETS ABC ORG ADDR:TIDDDINGS LP |
:86:BAI=195;YOUR REF=1223120787123456,REC FROM=SANDPEBBLE NY INTL |
Automatic Dollar Transfer
|
FRB |
Pre-Migration |
|---|---|
|
:86:BAI CD:501/INFO:AUTOMATIC TRANSFER TRANSFER TO ICS SWEEP XX XXXXX |
:86:BAI=501;REMARK=AUTOMATIC TRANSFER TRANSFER TO DEPOSIT SYSTEM |
Appendix A: Tag 61 MT942 Codes
Changes between FRB and JPM are orange.
|
FRB BAI2 CODE |
FRB MT940 CODE |
FRB CODE DESC |
JPM BAI2 CODE |
JPM MT940 CODE |
JPM CODE DESC |
|
|---|---|---|---|---|---|---|
|
115 |
LBX |
LOCKBOX DEPOSIT |
115 |
LBX |
INDIVIDUAL LOCKBOX DEPOSIT |
|
|
165 |
TRF |
PREAUTHORIZED ACH CREDIT |
165 |
TRF |
PREAUTHORIZED ACH CREDIT |
|
|
171 |
LDP |
INDIVIDUAL LOAN DEPOSIT |
171 |
LDP |
Individual Loan Deposit |
|
|
173 |
CHK |
BANK-PREPARED DEPOSIT |
399 |
CHK |
BANK PREPARED DEPOSITS |
|
|
174 |
CLR |
OTHER DEPOSIT |
174 |
CHK |
OTHER DEPOSITS |
|
|
187 |
CLR |
CASH LETTER CREDIT |
187 |
CLR |
CASH LETTER CREDITS |
|
|
195 |
TRF |
INCOMING MONEY TRANSFER |
195 |
TRF |
IND INCOMING MONEY TRANSFER |
|
|
206 |
TRF |
BOOK TRANSFER CREDIT |
195 |
TRF |
BOOK TRANSFER CREDIT |
|
|
208 |
TRF |
INDIVIDUAL INTERNATIONAL MONEY TRANSFER CREDIT |
214 |
FEX |
IND. INTERNATIONAL MONEY TRANSFER CREDIT |
|
|
252 |
RTI |
DEBIT REVERSAL |
252 |
MSC |
DEBIT REVERSAL |
|
|
266 |
RTI |
RETURN ITEM |
266 |
RTI |
RETURN ITEMS |
|
|
295 |
TRF |
ATM CREDIT |
295 |
MSC |
ATM CREDITINTEREST CREDIT |
|
|
354 |
INT |
INTEREST CREDIT |
354 |
INT |
INTEREST CREDIT |
|
|
357 |
VDA |
CREDIT ADJUSTMENT |
357 |
VDA |
CREDIT ADJUSTMENT |
|
|
364 |
TRF |
LOAN PARTICIPATION |
399 |
MSC |
Miscellaneous Credit |
|
|
366 |
CLR |
CURRENCY AND COIN DEPOSITED |
366 |
MSC |
Currency and Coin Deposited |
|
|
395 |
RTI |
CHECK REVERSAL |
395 |
MSC |
Check Reversal |
|
|
398 |
MSC |
MISCELLANEOUS FEE REFUND |
398 |
CHG |
MISCELLANEOUS FEE REFUNDS |
|
|
399 |
MSC |
MISCELLANEOUS CREDIT |
399 |
MSC |
MISCELLANEOUS CREDIT |
|
|
455 |
DDT |
PREAUTHORIZED ACH DEBIT |
455 |
STO |
PREAUTHORIZED ACH DEBIT |
|
|
466 |
DDT |
ACH SETTLEMENT |
466 |
MSC |
ACH SETTLEMENT |
|
|
469 |
TRF |
MISCELLANEOUS ACH DEBIT |
455 |
DDT |
MISC. ACH DEBIT |
|
|
475 |
CHK |
CHECK PAID |
475 |
CHK |
INDIVIDUAL CHECKS PAID |
|
|
481 |
LDP |
INDIVIDUAL LOAN PAYMENT |
481 |
LDP |
IND. LOAN PAYMENTS |
|
|
484 |
CHK |
DRAFT |
699 |
MSC |
DRAFT |
|
|
495 |
TRF |
OUTGOING MONEY TRANSFER |
495 |
TRF |
IND OUTGOING MONEY TRANSFERS |
|
|
501 |
TRF |
INDIVIDUAL AUTOMATIC TRANSFER DEBIT |
501 |
MSC |
IND. AUTOMATIC TRANSFER DEBIT |
|
|
506 |
TRF |
BOOK TRANSFER DEBIT |
495 |
TRF |
BOOK TRANSFER DEBIT |
|
|
508 |
TRF |
INDIVIDUAL INTERNATIONAL MONEY TRANSFER DEBITS |
514 |
TRF |
INT. INTERNATIONAL MONEY TRANSFER DEBIT |
|
|
552 |
RTI |
CREDIT REVERSAL |
552 |
MSC |
CREDIT REVERSAL |
|
|
555 |
RTI |
DEPOSITED ITEM RETURNED |
555 |
RTI |
IND. DEPOSITED ITEMS RETURNED |
|
|
566 |
RTI |
RETURN ITEM |
555 |
RTI |
IND. DEPOSITED ITEMS RETURNED |
|
|
567 |
CHG |
RETURN ITEM FEE |
567 |
RTI |
RETURN ITEM FEE |
|
|
595 |
TRF |
ATM DEBIT |
595 |
MSC |
ATM DEBIT |
|
|
631 |
VDA |
DEBIT ADJUSTMENT |
631 |
VDA |
DEBIT ADJUSTMENT |
|
|
654 |
INT |
INTEREST DEBIT |
654 |
INT |
INTEREST DEBIT |
|
|
661 |
CHG |
ACCOUNT ANALYSIS FEE |
698 |
MSC |
ACCOUNT ANALYSIS FEE |
|
|
698 |
CHG |
MISCELLANEOUS FEES |
698 |
CHG |
MISCELLANEOUS FEES |
|
|
699 |
MSC |
MISCELLANEOUS DEBIT |
699 |
MSC |
MISCELLANEOUS DEBIT |
|
Appendix B: Tag 13 Subfields
|
Subfield |
M/O |
Format |
Description |
|---|---|---|---|
|
1 |
M |
6 Numeric |
Date: YYMMDD |
|
2 |
M |
4 Numeric |
Time: HHMM |
|
3 |
M |
1 X |
Timezone indicator |
|
4 |
M |
4 Numeric |
Timezone correction |
Appendix C: Tag 61 Subfields
|
Subfield |
M/O |
Format |
Description |
|---|---|---|---|
|
1 |
M |
6 Numeric |
Value Date YYMMDD |
|
2 |
O |
4 Numeric |
Entry Date MMDD |
|
3 |
M |
1 Alpha |
Credit/Debit Indicator |
|
4 |
O |
1 Alpha |
Funds Code |
|
5 |
M |
15v Numeric |
Amount |
|
6a |
M |
1 Alpha |
Transaction Type |
|
6b |
M |
3 Alpha for SWIFT ID |
3 char ID JPM MT940 code from Appendix A |
|
7 |
O |
16v Alpha |
Reference for the Account Owner |
|
8 |
O |
16v Alpha |
Account Servicing Institutions Reference |
|
9 (New Line) |
O |
34v Alpha |
Supplementary Details |
Appendix D: Sample MT942 Comparison
|
FRB MT942 |
|
|---|---|
|
{1:F01FRBBUS6SAXXX0001000001}{2:I942FRBBUS6SXXXXN}{4: :61:2403050305D810,00FCHKNONREF |
|
Pre-Migration MT942 |
|
|---|---|
|
:20:2403050011400265 - :86:BAI=195;YOUR REF=NONREF,REC FROM=JPMORGAN CHASE,FED ID=999000 |
Appendix E: Pre-Migration MT942 Examples
FEDWire
::20:2403050011400265
:21:321081669
:25:10011123456
:28C:24066/00001
:34F:USD0,00
:13D:2403052200-0500
:61:2403050305DD20768,53NTRFNONREF//O035F2702EYY1271
:86:BAI=495;YOUR REF=NONREF,PAID TO=LOPES NANG PLEPEAU AMERICAS,
INC,ACCT PARTY=LOPES NANG PLEPEAU AMERICAS, INC. USU 3205119,FED
ID=,B/O CUSTOMER=DSITH BAY OWNER LLC MGT. CO. OPERAT,B/O BANK=FIR
ST REPUBLIC BANK,REMARK=5T4RWEFM F00265 PLEPEAU999164 USPDS 11492
6,REC GFP=00000000,MRN SEQ=000000000000,FED REF=NOT AVAILABLE
:61:2403050305DD24108,00NTRFNONREF//O035F2701DRW6496
:86:BAI=495;YOUR REF=NONREF,PAID TO=BEEP CONSTRUCTIVE GRONK INC,A
CCT PARTY=BEEP CONSTRUCTIVE GRONK INC. US 9853252653,FED ID=,B/O
CUSTOMER=DSITH BAY OWNER LLC MGT. CO. OPERAT,B/O BANK=FIRST REPUB
LIC BANK,REMARK=5T4RWEFM F00265 BEECONGRP386165 220 50 07.31.23,R
EC GFP=00000000,MRN SEQ=000000000000,FED REF=NOT AVAILABLE
:61:2403050305DD92374,28NTRFNONREF//O035F2703GAW64A4
:86:BAI=495;YOUR REF=NONREF,PAID TO=GENERAL THETHING SERVICE COMP
ANY, L,ACCT PARTY=GENERAL THETHING SERVICE COMPANY, L US 84919491
5,FED ID=,B/O CUSTOMER=MOOCH CAY OWNER LLC MGT. CO. OPERAT,B/O BA
NK=FIRST REPUBLIC BANK,REMARK=5T4RWEFM F00265 GENTHECO,REC GFP=00
000000,MRN SEQ=000000000000,FED REF=NOT AVAILABLE
:90D:3USD137250,81
:90C:0USD0,00
-
ACH
:20:2403050016215565
:21:321081669
:25: 100162445566
:28C:24066/00002
:34F:USD0,00
:13D:2403052200-0500
:61:2403050305CD38183,15NTRFNONREF//O035F2825A2WMS0S
:86:BAI=195;YOUR REF=NONREF,REC FROM=JPMORGAN CHASE,FED ID=999000
21,B/O CUSTOMER=DOORWOOD CAPITAL GROUP GLOBAL I LLC,B/O BANK=JPMO
RGAN CHASE,REMARK=5T4RWEFM J04045 MOOCHCAY386166 03.0 1.24 1,REC
GFP=00000000,MRN SEQ=000000000000,FED TIME=23:59,FED REF=20240305
MMQFMPRN005081
:61:2403050305DD320071,05NMSCNONREF
:86:BAI=699;DEBIT MISCELLANEOUS DACA TRANSFER TO 2406 DACA TRANSF
ER TO 2406
:61:2403050305CD41727,53NTRFNONREF//24065E6EZCI-NWXRN2
:86:BAI=165;ORIG CO NAME=SPIDERYMAN CAPUT,ORIG ID=99900002,ENTRY
DESCR=PREAUTHORIZED ACH CREDIT,ENTRY CLASS=,TRACE NO=1204895317 ,
ENTRY DATE=,IND ID NO=025ALPQEWTTEZ98,IND NAME=MOOCH CAY OWNER LL
C,ORIG BANK=
:61:2403050305CD546692,88NTRFNONREF//O035F5530IWX8VVE
:86:BAI=195;YOUR REF=NONREF,REC FROM=BK AMER NYC,FED ID=99909593,
B/O CUSTOMER=ABC INC., OPERATING BU,B/O BANK=BK AMER NYC,REMARK=7
86900-T0067165-03/01/24 MARCH /RENT 2024,REC GFP=00000000,MRN SEQ
=000000000000,FED TIME=23:59,FED REF=20240305MMQFMPRN005320
:90D:1USD320071,05
:90C:3USD626603,56
-:
Checks
:20:2403050014472406
:21:321081669
:25: 10014456789
:28C:24066/00002
:34F:USD0,00
:13D:2403052200-0500
:61:2403050305DD18714,46NCHK0000002200669
:86:BAI=475;CHECK
:61:2403050305CD320071,05NMSCNONREF
:86:BAI=399;CREDIT MISC DACA TRANSFER FROM 5565 DACA TRANSFER FRO
M 5565
:61:2403050305DD3600,00NCHK0000002200660
:86:BAI=475;CHECK
:61:2403050305DD47951,63NCHK0000002200636
:86:BAI=475;CHECK
:61:2403050305DD650,56NCHK0000002200648
:86:BAI=475;CHECK
:61:2403050305DD4488,94NCHK0000002200668
:86:BAI=475;CHECK
:61:2403050305DD1227,40NCHK0000002200639
:86:BAI=475;CHECK
:61:2403050305DD4577,05NCHK0000002200666
:86:BAI=475;CHECK
:61:2403050305DD810,00NCHK0000002200655
:86:BAI=475;CHECK
:90D:8USD82020,04
:90C:1USD320071,05
-
Appendix F: JPM MT942 Examples
:20:2311089102436707
:21:021000021
:25:000009102436707
:28C:23312/00001
:34F:USD0,00
:13D:2311081351-0500
:61:2311081108CD23667932,54NTRF1952041006//3120930910TC
:86:BAI=166;ORIG CO NAME=AMERICAN HONDA M,ORIG ID=1952041006,DESC DAT
E=OFFSET,ENTRY DESCR=FLOOR PLAN,ENTRY CLASS=CCD,TRACE NO=02100002
0930910,ENTRY DATE=231108,IND ID NO=1952041006,IND NAME=EFT FILE
NAME: HMG0JM,COMPANY DATA=231108 HMG0JM,REMARK=ACH ORIGIN#:195204
1006 CO EFF: 23/11/08,ORIG BANK=JPMORGAN CHASE BANK, NA NEW YORK
:61:2311081108CD16000000,00NTRF0000000000012447//0463191312FF
:86:BAI=195;YOUR REF=0000000000012447,REC FROM=BANK OF AMERICA, N.A.
SUPE 222 BROADWAY NEW YORK NY US,FED ID=026009593,B/O CUSTOMER=/1
235801592 AMERICAN HONDA MOTOR CO., INC. 1919 TORRANCE BOULEVARD
TORRANCE CA 90501 US,B/O BANK=BANK OF AMERICA, N.A. 222 BROADWAY
NEW YORK NY US,REMARK=AHDOMW011462 BANK TRANSFER DEBIT REF 202311
0800362345,FED TIME=12:15,REC GFP=11081715,MRN SEQ=20231108003623
:61:2311081108CD500000,00NCMTNONREF//0190003476RJ
:86:BAI=277;REMARK=FUNDING XFER FROM 000000829622288
:61:2311081108DD17096778,53NMSC1952041006//3111241315TC
:86:BAI=466;ORIG CO NAME=AMERICAN HONDA,ORIG ID=1952041006,DESC DATE=
OFFSET,ENTRY DESCR=PAYMENT,ENTRY CLASS=CCD,TRACE NO=0210000212413
15,ENTRY DATE=231108,IND ID NO=1952041006,IND NAME=EFT FILE NAME:
HMGEJX,COMPANY DATA=231106 HMGEJX,REMARK=ACH ORIGIN#:1952041006
CO EFF: 23/11/08,ORIG BANK=JPMORGAN CHASE BANK, NA NEW YORK
:61:2311081108DD20747128,44NCMSNONREF//0190002913RJ
:86:BAI=577;REMARK=FUNDING XFER TO 000000727539212
:61:2311081108DD1228983,60NCMSNONREF//0190003049RJ
:86:BAI=577;REMARK=FUNDING XFER TO 000000772677503
:61:2311081108DD602884,74NCMSNONREF//0190001307RJ
:86:BAI=577;REMARK=FUNDING XFER TO 000000601231046
:61:2311081108DD173743,44NCMSNONREF//0190001258RJ
:86:BAI=577;REMARK=FUNDING XFER TO 000000601216294
:90D:5USD39849518,75
:90C:3USD40167932,54
-
:20:2311080011945540
:21:021000021
:25:000000011945540
:28C:23312/00766
:34F:USD0,00
:13D:2311081350-0500
:61:2311081108DD1,00NTRFRGHNAMO13085289V//9340258310FS
:86:BAI=495;YOUR REF=RGHNAMO13085289V,PAID TO=BARCLAYS BANK PLC 745 S
EVENTH AVENUE NEW YORK NY 10265 US,B/O CUSTOMER=NATIONAL WESTMINS
TER BANK PLC INTEREST ANALYSIS DEPT 250 BISHOPSGATE 2ND FLOOR LON
DON UNITED KINGDOM EC2M -4AA GB,ACCT PARTY=CHP/007668 BARCLAYS BA
NK PLC HEAD OFFICE 4 ROYAL MINT COURT LONDON EC3 NHJ, ENGLAND,REM
ARK=CREDIT REF RGHNAMO13085289,REC GFP=11080124,CHIP SEQ=0009640,
:90D:1170USD1677349493,75
:90C:1899USD2229446876,71
-
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