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MT103 SWIFT message with optional fields 52a and 57a – Part 1

On August 17, 2018 in SWIFT, X-Border Payments 37

The MT103 SWIFT message with optional fields 52a (Ordering institution) and 57a (Account with institution) is presented and analyzed in this article. In previous articles, the basic MT103 SWIFT message with mandatory fields and the MT103 SWIFT Message with optional fields 53B, 70 and 71G were considered. Read them to get additional information and a […]

Basic SWIFT MT103 message decrypted

On July 23, 2018 in SWIFT, X-Border Payments 59

After going through the four key strategies to understand how cross border payments work, we can now take a closer look at the SWIFT MT messages. We will start with a basic SWIFT MT103 message. It is a message used in the case where sender and receiver have a direct account relationship. Only mandatory fields […]