SWIFT Matters
Archive for: May, 2009
Rss feed of blogs Vijay Sankar C.G - Tata Consultancy Services - Singapore | 19/05/2009 | 7767 views
Currently the messages MT103 / 103+ are used to effect a customer credit transfer and the MT 202 is used for a financial institution transfer. In order to speed up the payment process for customer credit transfers in some cases an additional cover payment message (MT202) is sent to an intermediary bank whereas the underlying customer credit trans... Tags: Payments, Wholesale banking
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