Tag Archives | MT940 Statement

SWIFT MT940 sent to Bank authorized by account owner

Opening, Closing and Forward Available Balances in the SWIFT MT940 Format

In the SWIFT MT940 format specifications, there are four fields for balances: F60a Opening Balance, F62a Closing Balance (Booked Funds), F64 Closing Available Balance (Available Funds) and F65 Forward Available Balance. The aim of this article is to explain the meaning of each balance field and how they are calculated. This will be illustrated through […]

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