Tag Archives | SWIFT MT103

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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MT103 Serial Payment between Debtor Bank and its correspondent

SWIFT MT103 serial payment analysis 1/3

In a previous article, serial and cover methods were presented. Then we analyzed a concrete example of payment settled with cover method in the following articles: SWIFT MT103 202 Cover payment analysis – part 1 SWIFT MT103 202 Cover payment analysis – part 2 SWIFT MT103 202 Cover payment analysis – part 3 SWIFT MT910 […]

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Basic SWIFT MT103 message decrypted

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 […]

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