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Bank-to-Bank Cash Instructions RBC One Quick Reference Guide October 2021
Bank-to-Bank Cash Instructions RBC One Quick Reference Guide
October 2021
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Bank-to-Bank Cash Instructions | Quick Reference Guide
Overview
This guide describes how to create and submit global custody ‘Bank to Bank’ cash instructions. Before submitting cash instructions, ensure that
information is entered into the mandatory fields.
Message Types
This guide explains the steps for a Bank to Bank transfer, the definition of this Message Type and the other options are below:
Outbound payments:
Bank to Bank Transfer (MT202): If all parties in the transaction, including remitter and the beneficiary are both financial institutions the Bank to Bank
transfer screen will be used
Customer Transfer (MT103): Customer Transfer are orders for the movement of funds in which at least one party, including the remitter, the beneficiary,
or both, are not financial institutions
Notice to Receive / Cash Entry: Notification to advise RBC Investor & Treasury Services of cash being paid into an RBC account. This may be
mandatory for some account types
Internal Transfer: Used to move cash between two RBC Investor & Treasury Services accounts; the user must have permissions to input instructions for
both accounts
Note Depending on your company’s approval set up, all transactions in RBC One must be approved from the My Transactions page before they can be
submitted to RBC Investor & Treasury Services (RBC I&TS) for processing
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Creating a Bank-to-Bank cash instruction
To create a Bank-to-Bank cash instruction:
1. From RBC One, select the name of the product for which you wish to create a cash instruction. For example, click Custody | Cash instruction
(Figure 1). The Create Transaction – Cash Instruction – Global Custody page appears (Figure 2).
Figure 1
2. General Information: In the General Information fields, enter the following mandatory details for this cash instruction:
Message Type: Select the message type Bank to Bank (MT202) and complete the following steps to enter the required information in these fields
Client Reference: Enter your unique alphanumeric client reference number for this transaction
Step 1
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Figure 2
Step 3
Steps 6-8
Step 2
Step 4
Step 5
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If you know the account number,
you can enter it in this field directly.
To search for an account, click the
search icon next to the Account
field. The Select Transaction
Account page is displayed. Enter
the keyword search criteria and
click the icon. All of the accounts in
this table matching the search
criteria will be displayed. To select
the account, click on the Status
check box and click Save.
You may enter a full or partial
search for the Account Name,
Nickname and Number fields.
3. Debit Information: Enter the following debit information for this cash instruction:
Figure 3
Account: Select the account on which the transaction is to be created
Trade Date: Enter the transaction value date (YYYY-MM-DD format)
Click the calendar icon to select the date. Use the indicators to increase or decrease the date displayed in this field.
Note: You can enter a future value date
Settlement Date: Enter the transaction value date (YYYY-MM-DD format). Click the calendar icon to select the date. Use the indicators to increase or decrease
the date displayed in this field.
Note: You can enter a future value date
Subaccount: Also known as the IBAN number
Payment Method: Select only SWIFT
– Details of Charges: Select Sender or Shared (Beneficiary is not used by RBC I&TS)
Transaction Purpose: Select the purpose type from the available list
Amount: Enter the transaction amount
Currency: The currency will automatically populate, based on the details from the Subaccount field
Security Details: If required, select from Code type and Security Code
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4. Credit Information: Enter the following credit information for this cash instruction:
Account with Institution: Account with Institution is the final beneficiary
Figure 4
In Type, select BIC
Then enter the BIC Code for the beneficiary institution, for example RBC, BILLITMM. The name will automatically populate.
Enter, or lookup, the two letter code of the country for the beneficiary
In Account, enter the Account number, or IBAN, for this institution
Receivers Correspondent: Correspondent is the institution where the beneficiary holds their bank account
Figure 5
Start by entering the BIC Code, for example Deutsche Bank DEUTDEFF
Note: If this party is the same as the beneficiary then these fields need to be completed the same as the Account with Institution
In the Account field, enter the IBAN of the account at the Intermediary, if applicable
If required, also populate the local codes for the Receiver’s Correspondent in the Receiver’s Clearing Institution section (UK Sort Code, Fedwire Code, etc.)
Intermediate Institution: Use only if there are three parties involved to make this payment.
Figure 6
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5. Additional Information can be used for addition details, if required
Figure 7
6. Before submitting this transaction, it can be saved as a draft or a template. For more information, refer to RBC One Quick Reference Guide:
Creating Drafts and Templates.
7. Click Submit to submit this transaction for approval or processing.
8. The My Transactions page will now be displayed. Depending on your company’s approval set up, designated approvers will need to approve the
transaction for release to RBC I&TS for processing. Refer to the RBC One Quick Reference Guide: Approving Transactions for more information.
9. Prior to approval, transactions can be modified by any user with permissions to input an instruction. From the My Transactions page, select the
transaction by clicking on the reference hyperlink to view the transaction details. From the View Transaction page, select Modify from the
Transaction Action drop-down menu and select Go. Make the updates required and select Submit. Your company’s approval model will need to be
followed, see Step 8.
For more information
You may also be interested in the following short videos and Quick Reference Guides:
Video: Transaction Approval
Quick Reference Guide: Creating cash instructions - Customer Transfer
Quick Reference Guide: Creating cash instructions - Internal Transfers
Quick Reference Guide: Creating Drafts and Templates
Quick Reference Guide: My Transactions
Quick Reference Guide: Approving Transactions
Quick Reference Guide: Declining Transactions
To create another transaction,
select Submit + Create New
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