SWIFT MT101 Usage by parent company to pay on behalf of subsidiaries
The previous article was about the usage of the SWIFT MT101 by a parent company to pay from a subsidiary account. A parent company...
SWIFT MT101 Usage to pay from a subsidiary account
The MT101 is a payment initiation message that can be used for many purposes and in various ways. An overview of how corporations use...
SWIFT MT101 Usage to pay from multiple debit accounts
The previous article was about a SWIFT MT101 where the field 50a (Ordering Customer) is present in the Sequence A. As a result, the...
Basic SWIFT MT101 Message with two domestic transactions
In the previous article, we saw how corporations use the SWIFT MT101 message to transfer funds either domestically or internationally. Now we want to...
How Corporations use the SWIFT MT101 Request for transfer
The SWIFT MT101 Request for Transfer is a payment initiation message used by corporations to send domestic and/or internatinal payments instructions to their banks....
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...
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...
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...
Opening, Closing and Forward Available Balances in the SWIFT MT940 Format
In the SWIFT MT940 format specifications, there are four fields for balances: F60a Opening Balance, F62a Closing Balance (Booked Funds), F64 Closing Available Balance...
SWIFT MT940 Customer Statement – Detailed analysis
The SWIFT MT940 is called Customer Statement Message. It is basically an account statement and therefore provide detailed information about all entries booked to...
Payment Market Infrastructures in the World...
In the United Kingdom, Banks can join the Payment market infrastructures for the Pound sterling, but since UK belongs to the SEPA Area, UK...
Payment Market Infrastructures in the World...
In our last videos, we spoke about the payment market infrastructures in Sweden. In today’s video, we will consider the payment market infrastructures of...
Credit Card Alternatives for Handling Large...
Image: UnsplashFor a long time, people have relied on credit cards to help with the handling of major expenses. The idea is simply to...
Secrets to understand Payments Market Infrastructures...
In the previous video, we explained how Payment Market Infrastructures are structured anywhere in the world while focusing on the example of Sweden. Swedish banks...