Tag Archives | Serial payment

SWIFT MT103 Serial Payment 3 between Receiver correspondent and Account with Institution

SWIFT MT103 serial payment analysis 3/3

This is the third and last article about a SWIFT MT103 serial payment (so settled via the serial method). We already studied the cover method and how it is used to settle that payment. Read the series of articles to which I refer you in this article if you want to learn more about the […]

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MT103 Serial Payment 2 between Sender correspondent and Intermediary Institution

SWIFT MT103 serial payment analysis 2/3

This is the second article where we are looking at a concrete example of MT103 serial payment. We already saw how the cover method is used to settle that payment. Read the series of articles I refer you to in the previous article if you want to learn more about the cover method. When the […]

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Cover Payment - MT103 Single Customer Credit Transfer

SWIFT Serial and Cover payments

SWIFT Serial and Cover payments originate from the two methods that are used to settle transactions in correspondent banking : Serial method and Cover method. What are these two methods and how do they work? In this article, we will first describe shortly how each of the methods works and then we will make a […]

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