Remittance Application Guide
Guide to completing the application form
Standard Chartered's outward telegraphic transfer form is used for paper-based remittances,
enabling your transaction to be processed in a timely manner.
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Branch: Your domicile branch or the branch where you
opened the account.
Date*: Submission date in the format of dd/mm/yyyy
Applicant's Information (Sender)
Name of Sender*: Name of applicant
Address: Address of applicant
Resident (Yes/No): Is the applicant a local resident? In some
countries, this information is required.
Telephone Number: Applicant's contact number
ID/Passport No.: Identification number of the applicant
32A: Value Date: Date on which this transfer needs to be
executed. It may not be the same as the date of submission.
56A: Intermediary Bank (Name, Address, Country):
This is an optional field. However if the payer has a specific
preference as to which bank the transaction should be routed
through, this field may be completed.
Bank Code: This is a unique identification code for an
intermediary bank. Payers are expected to insert a single
code only, which can either be a SWIFT BIC Code or a local
clearing code, e.g. Routing Number Code (Fedwire/ABA)
or CHIPS UID Code for USD; UK Domestic Sort Code for
GBP; Australian Bank State Branch (BSB) Code for AUD.
Similarly, we recommend you obtain the applicable bank
code for other currencies/countries from the payment
recipient or intermediary bank.
57: Beneficiary's Bank (Name*, Address*, Country*):
The bank at which the beneficiary holds the account or the
bank to which the funds are being transferred, usually by way
of international wire transfers.
Bank Code: This is a unique identification code for a
beneficiary bank. Payers are expected to insert a single code
only, which can either be a SWIFT BIC Code or a local
clearing code, e.g. Routing Number Code (Fedwire/ABA)
or CHIPS UID Code for USD; UK Domestic Sort Code for
GBP; Australian Bank State Branch (BSB) Code for AUD.
Similarly, we recommend you obtain the applicable bank code
for other currencies/countries from the payment recipient.
59: Beneficiary (Name*, Address, Country*): The receiver
of the funds. Resident (Yes/No): Residency status as per the
country stated by the beneficiary.
Account No.*/IBAN: IBAN stands for the International Bank
Account Number and is used by banks in most European
countries for cross-border funds transfers. Every client has
their own unique IBAN and this should be quoted for all
cross-border funds transfers to European countries. The list
of European countries for which this is may be required and
the IBAN format for each country can be found in the
Appendix to this document.
To check the accuracy of the format of your IBAN, please
visit
http://www.tbg5-finance.org/?ibancheck.shtml
ID/Passport No.: Identification number of the beneficiary.
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Transfer Instructions
Payment Method (From Account/Others): The method
in which the remittance request is funded.
Debit A/C No. (Currency/Account)*: This is to be entered
if the remittance is funded from an account with Standard
Chartered.
Charges Debit A/C No. (Currency/Account)*: The account
number that charges for the remittance are to be debited from.
Remittance of (Currency/Amount)^: Currency and amount
to be transferred, spelt out in words.
Equivalent of (Currency/Amount)^: Enter the "Remittance
of - Ccy" and state the "Equivalent of - Ccy" & "Equivalent -
Amt", spelt out in words. In this case you may leave the
"Remittance of - Amt" blank as this will be calculated by the
bank which is dependent on the exchange rate at the time of
processing.
70: Details of Payment: Some payments will have an
important message that needs to be captured in the
payment, e.g. invoice no., breakdown of the funds.
71: All local and overseas charges borne by beneficiary
(BEN), remitter (OUR) or (SHA)*: Who bears the charges?
If all local and overseas charges are borne by beneficiary,
then it is "BEN". If all local and overseas charges are borne
by remitter, then it is "OUR". If charges are being shared
(SHA), the applicant will bear local charges and the
beneficiary will bear the overseas charges.
72: Bank to Bank Information: The remitter bank can
provide some information for the receiving bank to take note,
e.g. when paying USD equivalent of SGD, the remitter bank
can give instruction to the receiving bank either to convert or
not convert to SGD when the funds are received. Can also be
used if the applicant needs to indicate the address of the
beneficiary bank/account/address of beneficiary bank.
Forward Contract/Treasury Deal No., FX rates, Dealer's
Name: Before sending your remittance instruction some
customers might have contracted a FX rate with dealers.
Hence kindly input the contract or deal number and the
dealer's name.
Customer's Signature*: Client to sign in this box. This
signature should be similar to the signing mandate of the
debiting account.
A copy of the SWIFT (MT103) is required. The charges
are to be debited to account no.: Check this box if a copy
of the remittance message is required. In most cases, the
remittance debit advice will be sufficient.
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