Does the beneficiary's name need to be entered exactly to ensure the proper execution of my transfer?

Differences in typography (use of capital letters, punctuation, or accents) do not prevent an exact match.
However, it is essential to correctly fill in the Name / First Name or Company Name fields in BILnet. Do not use abbreviations, acronyms, or trade names instead of your beneficiary’s official name. This triggers an alert in BILnet or in MultiLine.