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List of swift message type Such as MT199 MT799 or MT760? i am totally lost and have no clue what i am trying to understand. help is needed badly
Tags: list, Message, MT199, MT760, MT799, swift, type
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A Swift Message Type 199 Is A Interbank Message Used Between Two Banks To Transmit The Value Of A Bond Or An Skr Or A Free Format Message Engaging 2 Banks Readyness To Move Forward With A Transaction. Usually A Private One.
Mt (Which Stands For Message Type)
A Mt199 Swift Message Is Easyly Explained As A "Chat" Message. Basically You Use This Format When A Transfer Order Has Been Sent And You Want To "Notify" The Beneficiary Bank In Order To Sort Out Something, Or To Find Out If Funds Have Been Applied, Or Basic Other Info.
For Example, A Mt199 Could Go;
We Refer To Our Mtxxx, Date Xxxxxx, (Input Information Regarding The Orderer And Beneficiary. Amount, Dates, And So On)
And Then, Straight To The Point, You Just Simply Type The Text Of Your Question, Or Demand, Or Whatever, Like, "Our Customer Reports Funds Have Not Been Applied Yet, Please Confirm Transfer Status"
Kind Regards, (Whoever)
The Other Bank Will Reply To You Using The Same Format (Most Likely), So Sooner Or Later, You Will Have An Incoming Mt199 From Them, Like;
We Refer To Your Mt199 Date Xxxxx And Our Mtxxx Date Xxxx Information, Codes, Etc...
"We Are Holding Funds, Request (Whatever Additional Information) In Order To Apply Funds To Beneficiary Minus Our Charges. Please Confirm Iban Number (For Example)."
Best Regards, (Whoever)
So Basically, A Mt199 Is One Banker Or Security Officer "Talking" To Another.
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