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SWIFT message gateway for Trade Finance
TF Message Hub
The maintenance of multiple RMAs with numerous entities of a single Correspondent Bank becomes increasingly more complex from a regulatory and economic perspective. Therefore, Deutsche Bank is centralizing its inbound and outbound trade related SWIFT messages (MT4xx/MT7xx) in a single gateway
We are in the process of enabling our FI clients to reach all Deutsche Bank entities managing Trade Finance business via one single BIC and vice versa. The new central BIC is: DEUTDEFFHUB
We invite you to send your trade related SWIFT messages (MT4xx/MT7xx – except Reimbursement Authorizations / Claims) for the trade operative branches in Germany as well as several other Deutsche Bank (DB) entities (see Geographic Scope below) into the new central Deutsche Bank BIC DEUTDEFFHUB. SWIFT messages to Deutsche Bank locations other than the named countries in the Annex as well as Trade Reimbursement related messages should not change at this point in time. No new RMA set-up is required as long as you have an RMA with Deutsche Bank, Frankfurt (DEUTDEFF).
Geographic Scope
The following Deutsche Bank locations can be reached via DEUTDEFFHUB (as of December 2022):
| Country: | Deutsche Bank Entity: | SWIFT BIC: |
| EUROPE | ||
| Austria | Deutsche Bank AG Vienna Branch | DEUTATWW |
| Belgium | Deutsche Bank AG Brussels Branch | DEUTBEBE |
| France | Deutsche Bank AG Paris Branch | DEUTFRPP |
| Germany | All German Branches | DEUTDE** |
| Hungary | Deutsche Bank AG Budapest Branch | DEUTHU2B |
| Netherlands | Deutsche Bank AG Amsterdam Branch | DEUTNL2A |
| Portugal | Deutsche Bank AG Lisbon Branch | DEUTPTPL |
| Switzerland | Deutsche Bank Zurich Branch | DEUTCHZZ |
| United Kingdom | Deutsche Bank London Branch | DEUTGB2L |
| MIDDLE EAST | ||
| Saudi Arabia | Deutsche Bank AG Riyadh Branch | DEUTSARI |
| UAE | Deutsche Bank Abu Dhabi Branch | DEUTAEAA |
| ASIA | ||
| China | Deutsche Bank China, all Branches | DEUTCN** |
| Hong Kong | Deutsche Bank AG, Hong Kong Branch | DEUTHKHH |
| India | Deutsche Bank AG, all Indian branches | DEUTINBB |
| Indonesia | Deutsche Bank AG, Jakarta Branch | DEUTIDJA |
| Japan | Deutsche Bank AG, Tokyo Branch | DEUTJPJT |
| Korea | Deutsche Bank AG, Seoul Branch | DEUTKRSE |
| Pakistan | Deutsche Bank AG, Karachi and Lahore Branch | DEUTPK** |
| Philippines | Deutsche Bank AG, Manila Branch | DEUTPHMM |
| Singapore | Deutsche Bank AG, Singapore Branch | DEUTSGSG |
| Sri Lanka | Deutsche Bank AG, Colombo Branch | DEUTLKLX |
| Taiwan | Deutsche Bank AG, Taipei Branch | DEUTTWTP |
| Thailand | Deutsche Bank AG, Bangkok Branch | DEUTTHBK |
| Vietnam | Deutsche Bank AG, Ho Chi Minh City Branch | DEUTVNVX |
| AMERICAS | ||
| USA | Deutsche Bank AG, New York Branch | DEUTUS33 |
The further roll-out to remaining DB subsidiaries will continue. The list of reachable Deutsche Bank locations will be updated on this website.
Key characteristics & benefits of our new SWIFT gateway
- One single entry point and counterparty BIC for trade finance related SWIFT messages, reaching our entire global network (in the target stage)
- Immediate reach and readiness for adhoc business requests
- Easier and better governance, controls, oversight, and transparency
- Reduction of RMA related due diligence costs
- KYC adoption requirements still need to be taken into consideration, depending on your internal policies as well as the local requirements of the respective Deutsche Bank entity and jurisdiction
All Banks2All BIC versus All Banks2One BIC
The new availability of the single HUB gateway does not imply that Deutsche Bank will revoke existing RMAs with Deutsche Bank entities. These can be continued for existing and new business.
HUB does not make the set-up of additional RMAs necessary and allows for RMA consolidation.
SWIFT messages sent to Deutsche Bank
- MT4xx/MT7xx – except Reimbursement Authorizations / Claims (MT740/742)
- If no RMA is available for DB branch BIC, receiver BIC DEUTDEFFHUB should be selected
- No new RMA set-up is required as long as an RMA with DB Frankfurt, DEUTDEFF, is set-up
- SWIFT messages to DB locations other than for the enabled DB locations as well as Trade Reimbursement related messages should not change at this point in time
Format Requirements:
- DEUTDEFFHUB is only to be used as a receiver BIC
- Within the message content the local BICs of the individual DB locations need to be used
- MT700: local DB BIC in tag 58a, 57a or 41a will ensure auto-routing
- MT760: local DB BIC in tag 58a, 56a, 57a or 41a will ensure auto-routing
SWIFT messages sent by Deutsche Bank
- If no RMA is available for DB branch BIC, the sender BIC is DEUTDEFFHUB
- Tag 72: or equivalent will show a remark “Msg sent by order of DEUTXXXX”
- MT700 will be sent as MT710 by DEUTDEFFHUB, showing issuing DB location in tag 52a
The new MT760 format
In their Standard MT Release 2021, SWIFT has significantly revised and upgraded the MT760 and MT767 message types. Whereas previously the MT760 contained only a few structured fields and mainly included one large free-format field, the new versions are much more detailed and structured. This now allows for faster processing and auto-routing via TF Message Hub.
Contacts
For further guidance and questions, kindly contact your trusted local representative from our Deutsche Bank Institutional Cash & Trade (IC&T) Team.