3 Responses to SWIFT MT950 Statement Message – Detailed analysis

  1. Ankur March 2, 2019 at 8:05 am #

    Hi Jean,
    Is it the case that MT910 is generated per transaction whereas MT950 will be sent as a End of the day statement between a correspondent and the beneficiary bank?

    • Jean Paul March 2, 2019 at 1:15 pm #

      Hi Ankur, Thank you for your nice comments!
      You are correct! The MT910 is sent when the nostro is credited, so for every transaction, but provided the Beneficiary bank asks for it. The service is not free.
      The MT950 is an account statement. The Beneficiary Bank receives from its correspondent according to a frequency they agreed upon, generally daily. But account statements can be sent every two days or on a weekly basis also.

  2. Ankur March 2, 2019 at 5:01 pm #

    Thanks for the clarification,it’s really helpful.

Leave a Reply