U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

Instructions for Wire Transfer
of SEC Filing Fees
(FEDWIRE)

Valid February 1995 through June 22, 1997
(See Update)
United States Securities and Exchange Commission

Although there are several methods of remitting filing fees to the Securities and Exchange Commission (SEC), the following instructions pertain ONLY to wire transfers.

General Notes

  • Mellon Bank in Pittsburgh, Pennsylvania, is the U.S. Treasury designated depository for SEC filing fee payments. The hours of operation at Mellon Bank are 8:30 a.m. to 6:00 p.m. eastern time. Wire transfers of filing fee payments through the Fedwire system via Mellon Bank may be initiated by any bank or wire transfer service. A filing entity does not need to establish an account at Mellon in order to remit filing fee payments. To ensure proper credit and prompt filing acceptance, it is critical that the SEC's account number (9108739) at Mellon be included in all wire transfers of SEC filing fees.

  • Each filing entity is assigned a unique ten-digit account number. To ensure proper credit and prompt filing acceptance, it is critical that this account number be included in all wire transfers of SEC filing fees.

  • Wire transfers are not instantaneous. The time required to process a wire transfer through the Fedwire system from origination to receipt by Mellon Bank varies substantially. It is important that all filers discuss with their banks/services their unique procedures and timing. All filers are advised to obtain from their banks/services the wire number of the wire transfer. Having this number can greatly facilitate tracing the funds if any problems do occur.

  • Filers are advised to allow sufficient time to complete all transactions prior to submission of filings pursuant to section 6(b) of the Securities Act of 1933 or section 307(b) of the Trust Indenture Act of 1939. These filings will not be accepted if sufficient funds have not been received by the SEC at the time of filing. To ensure prompt processing, these filing fees must be designated as "Restricted." Any filing fee payment received without this designation will be deemed "Non-restricted" and therefore available for payment of any filing fee incurred.

  • For additional information on filing fee procedures, please refer to 17 CFR 202.3a, Instructions for Filing Fees. If you have any questions, please contact the Branch of EDGAR Operations' Fee Unit at (202) 942-8989.

Format of Wire Transfers

  • If a wire transfer of SEC filing fees does not contain the required information in the proper format, the SEC may not be able to identify the payer and the acceptance of filings may be delayed.

  • All filing fees remitted by wire transfer must follow standard Federal Reserve wire instructions containing both mandatory banking requirements and specific information required by the SEC. To ensure proper credit, it is critical that all required information be provided to the sending bank or wire transfer service SEC data must be inserted in the proper optional fields and must be preceded by designated field tags. The following SEC-specific information (in bold italics) is required:

    1. Registrant's Name (if different than payer's name) in Field 9 on Line 4 preceded by Field Tag
      ORG=
      Example, if registrant's name is DEF Company: ORG=DEFCompany

    2. SEC Account number in Field 12 on Line 5 preceded by Field Tag BNF=SEC/AC- and followed by /WRE
      Example: BNF=SEC/AC-9108739/WRE

    3. The payor's unique l0-digit account number (INCLUDING LEADING ZEROS) in Field 13 on Line 5 preceded by Field Tag RFB=
      Example, if a payer's account number is 0001234567: RFB=0001234567

    4. If a filing fee being transferred is paid pursuant to section 6(b) of the Securities Act of 1933 or section 307(b) of the Trust Indenture Act of 1939, the funds should be designated as Restricted (R). Code R for Restricted and/or Code N for Non-restricted should precede the filing fee amounts in Field 14 on Line 6 preceded by Field Tag OBI=
      Example: OBI=R and/or OBI=N

Illustration of Wire Transfer Message Format (F# = Field)

wire transfer example 1

Fedwire Format Field Definitions (F# = Field #)

Line 1 F1 Priority Code - for internal use [assigned by sending (initiating) bank]
Line 2 F2 Mellon Bank's ABA Number: 043000261
F3 Standard Code assigned to type of transfer: 1000
Line 3 F4 Sending (Initiating) Bank's ABA Number
F5 Fedwire Classification Code - for Federal Reserve use
F6 Fedwire Reference Number [assigned by sending (initiating) bank]
F7 Transaction Dollar Amount (total value of wire) with decimal but no comma
Line 4 F8 Sending (Initiating) Bank Name Abbreviation
F9 Registrant's Name (if different than payer's name) preceded by Field Tag ORG=
Example, if registrant's name is DEF Company: ORG=DEFCompany
Line 5 F10 MELLONBANK
F11 CTR
F12 SEC's Name and Account number at Mellon Bank preceded by Field Tag BNF=SEC/AC- and followed by Field Tag /WRE
Example: BNF=SEC/AC-9108739/WRE
F13 Payer's Unique 10-digit Account number preceded by Field Tag RFB=
Example, if payer's account number is 0001234567: RFB=0001234567
Line 6 F14 Designation for Restricted Funds (R) or Non-Restricted Funds (N) preceded by Field Tag OBI= and followed by a slash and the dollar amount(s) with decimals but no commas.
Example: OBI=R/ and/or OBI/=N

Example: OBI=R/ and/or OBI/=N

Example

The following is an example of a properly formatted wire transfer of both restricted and non-restricted funds to the SEC account at Mellon Bank. ABC Company (Account #: 0001234567) is the payor and DEF Company is the registrant. The sending (initiating) bank is XYZ Bank in New York (ABA #: 111111111). The FEDWIRE reference number for the wire transfer is 1234. The remittance is for a restricted filing fee of $51,051.51 and a non-restricted filing fee of $250.

wire transfer example 2
Line 1: Blank
Line 2: 043000261/1000
Line 3: 111111111/Blank/1234/51301.51
Line 4: XYZBANKNY/ORG=DEFCompany
Line 5: MELLONBANK/CTR/BNF=SEC/AC- 9108739/WRE/RFB=0001234567
Line 6: OBI=R/51051.51/OBI=N/250.00
Note: Items in bold italics are SEC-specific. Spaces are not used to separate field positions and data elements. The required format uses a "/".


http://www.sec.gov/info/edgar/oldwire.htm

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Modified:08/21/1997