![]() ![]() via an MT 400.ġ4.1.3 MT 103 REMIT Single Customer Credit Transfer Not be used to advise the remitting bank of a payment for a clean, e.g.Ĭheque, collection, nor to provide the cover for a transaction whoseĬompletion was advised separately, e.g. This message may only be used for clean payment instructions. ![]() The beneficiary customer, or both, are non-financial institutions from It is used toĬonvey a funds transfer instruction in which the ordering customer or The financial institution of the beneficiary customer. Of the ordering customer, directly or through (a) correspondent(s), to This message type is sent by or on behalf of the financial institution Mandatory Repetitive Sequence B Transaction Detailsġ4.1.2 MT 103 Single Customer Credit Transfer Maximum Length: 10000 14.1.1.1 Format Specifications Its use is subject to bilateral/multilateralĪmongst other things, these bilateral agreements cover the transactionĪmount limits, the currencies accepted and their settlement. This message is used to convey multiple payment instructions betweenįinancial institutions for clean payments. Or indirectly through a clearing mechanism or another financial institution, It requests the Receiver to credit the beneficiary customer(s) directly Of the ordering customer(s) to another financial institution for payment This message is sent by or on behalf of the financial institution Payments, in which the ordering party or the beneficiary, or both, are The messages in this category deal with payments, or information about
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