Avis Bank or Avis Global Energy Fund LTD are professional Financial entity that has a great goal aiming at a great future and development. We are the number and most neat Receiver on MT103 Direct wire, MT103/202, MT103 Manual Download, Target 2, Ledger to Ledger, SBLC/BG, Currency Exchange such as Euros to Dollars or Dollars to Euros. An MT103 is a standardised SWIFT payment message used specifically for cross border/international wire transfers, including all the payment details such as. SWIFT CATEGORY 1 MESSAGE - MT103 ONLY Field Tag Field Name Required contents for Straight-through Messages:20 Transaction Reference Number Sender's Unique Number:23B Bank Operation Code. Currency and amount of the transaction charges due to the Receiver.
MT103 is a SWIFT payment message type/format used for cash transfer specifically for cross border/international wire transfer.
Specification of SWIFT MT[edit]
SWIFT messages consist of five blocks of the data including three headers, message content, and a trailer. Message types are crucial to identifying content.
Below are different SWIFT message types
| Message type | Description |
|---|---|
| MT0xx | System messages |
| MT1xx | Customer payments and cheques |
| MT2xx | Financial institution transfers |
| MT3xx | Treasury markets |
| MT4xx | Collection and cash letters |
| MT5xx | Securities markets |
| MT6xx | Treasury markets – metals and syndications |
| MT7xx | Documentary credits and guarantees |
| MT8xx | Travelers cheques |
| MT9xx | Cash management and customer status |
All SWIFT messages include the literal 'MT' (Message Type). This is followed by a three-digit number that denotes the message category, group and type. Consider the example MT103:
Mt103 Download Method
The first digit (1) represents the category. A category denotes messages that relate to particular financial instruments or services such as cash transfer (1), treasury (3), or cash management (9). The category denoted by 1 is cash transfer.
The second digit (0) represents a group of related parts in a transaction life cycle. The group indicated by 0 is a financial institution transfer.
The third digit (3) is the type that denotes the specific message. There are several hundred message types across the categories. The type represented by 3 is a notification.[1]
MT103 fields[edit]
Mt103/202 Manual Download Receiver
Below are the fields of an MT103 message. These fields are referred to as tags.
| Tag | Name |
|---|---|
| 20 | Transaction reference number |
| 23B | Bank operation code |
| 32A | Value date / currency / interbank settled |
| 33B | Currency / original ordered amount |
| 50A, F or K | Ordering customer (payer) or address of the remitter. |
| 52A or D | Ordering institution (payer's bank) |
| 53A, B or D | Sender's correspondent (bank) |
| 54A, B or D | Receiver's correspondent (bank) |
| 56A, C or D | Intermediary (bank) |
| 59 or 59A | Beneficiary |
| 57A, B, C or D | Account with institution (beneficiary's bank) |
| 70 | Remittance information |
| 71A | Details of charges (OUR/SHA/BEN) |
| 72 | Sender to receiver information |
| 77B | Regulatory reporting |
In the above table, tags 52, 53, 54, 56, and 57 preferably contain ISO 9362 Business Identifier Codes (BICs), whereas tags 50 and 59 preferably contain an account number or a BIC.
As per SWIFT standards, the account number is to be in IBAN (International Bank Account Number) format or in BBAN format (for domestic payments).[2]
References[edit]
- ^'Standards document centre'. SWIFT. 2015-08-25. Retrieved 2016-04-29.
- ^'SWIFT Message Type Reference'. SWIFT Integration Projects. Oracle. Retrieved 2016-04-29.