It is always interesting to see how much can be said about an MT103 SWIFT message like this one. But the message has not reached the final destination yet (57A:OCBCSGSG). The receiver (PNBPUS3N) must forward it to the beneficiary’s bank. What are the differences between this message ...
After going through thefour key strategiesto 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 adirect account relationship. Onl...
Narrative and note 3 (Ordering and account with institution in the SWIFT MT103 serial payment) The ordering institution (52A) is provided in this message. That means the ordering customer is not customer of the Sender, PNBPUS3N. The sender added the field 52a in the message, so that the ...