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Cross-border Custody Service Destination Account Number for Funds in IBAN Format
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Cross-border Custody Service Destination Account Number for Funds in IBAN Format

25 OF SEPTEMBER, 2025 | 15

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Dear Depositors,

As informed in our October 24, 2024, newsletter, starting December 2025, all funds sent to Euroclear through MT103/MX Pacs008 – MT202/MX Pacs009 must contain the destination account number in IBAN format. Not including the account number in the required format will result in a 100 EUR charge for each incorrectly instructed transfer. Therefore, we request that you inform your commercial banks and make any necessary arrangements.

Euroclear indicated that the IBAN must be provided according to the MT or MX message, regardless of the Euroclear correspondent bank used to send the funds. The following chart provides detailed information:

Payment instruction
to credit
your
Euroclear
Bank account

MT format MX format (as March 2023)
Instructions Field Instructions Field
MT 202 :58A: or :58D PACS.009 FICdtTRF/CdtTrfTxInf/CdtrAcct
MT 103 :59a: PACS.008 FIToFICstmrCdtTrf/CdtTRFTxInf/CdtrAcct

Please remember that in the case of Euroclear, the IBAN code contains 16 characters and it is unique per currency; as an example, if sending funds to account number 13706 (DCV omnibus account), the IBAN is the following:

 

EUR: BE84687137064359

USD: BE72687137060016

GBP: BE28687137060420

For those depositors using segregated accounts, please contact the Help Desk, MAC, to confirm the IBAN code, providing the following information:

  • 5-digit account number
  • Currency for the IBAN code

Should you have any questions, please contact the Help Desk - MAC.

+56 223 939 001 [email protected]