OUR, SHA, and BEN are traditional SWIFT charge instructions. OUR generally assigns transfer charges to the sender, SHA shares charges between sender and beneficiary, and BEN assigns charges to the beneficiary. Actual deductions and availability depend on the route, banks, message type, and provider terms.
Quick reference for OUR, SHA, and BEN charges
| Check | What it means for the transaction |
|---|---|
| Category | Global B2B payment operations |
| Record to keep | Keep the instruction, party and account identifiers, validation result, timestamps, institution references and reconciliation outcome. |
| Do not infer | Initiation, processing, clearing and settlement are different events. One status should not be used as proof of another. |
OUR, SHA, and BEN charges and nearby terms
- SWIFT payment: A SWIFT payment is commonly understood as an international bank transfer instructed using financial messages sent through the Swift network.
- Recipient amount: Recipient amount is the amount the Recipient is expected or confirmed to receive after currency conversion and applicable deductions.
