1. Hi Jean,
    Is it the case that MT910 is generated per transaction whereas MT950 will be sent as a End of the day statement between a correspondent and the beneficiary bank?

    • Hi Ankur, Thank you for your nice comments!
      You are correct! The MT910 is sent when the nostro is credited, so for every transaction, but provided the Beneficiary bank asks for it. The service is not free.
      The MT950 is an account statement. The Beneficiary Bank receives from its correspondent according to a frequency they agreed upon, generally daily. But account statements can be sent every two days or on a weekly basis also.

    • Hi Jelena,
      Unfortunately I am not aware of any requirement about the MT950 File Name and the maximum file name size. There is a requirement about the maximum file length of 2000 characters. If you find anything about the file name, please do share it. Sorry!

    • Hi, The Tag 86 is available in the SWIFT MT940, not in the MT950. I refer you to the post about the MT940.
      The Tag 86 is called Information to Account Owner and consists of up to 6 lines that cna have up to 65x each.

  2. Dears,
    Thanks for this intresting Blog,
    One more question please, did exist any file length restriction on MT950 file.

    • Hi, Thank you for your comment!
      The maximum message length for an MT950 is 2,000 characters. In case the 2000 characters are not enough to convey a statement, you can use multiple messages for the same statement. See field 28C of the MT950.
      Regards, Jean Paul

  3. Hi Jean Paul,

    Will the receiver of an MT950/MT910/MT940 always receive an MT103? Trying to understand situations where the receiver may only receive ordering customer etc information from a statement like message in field 61 for example and not from the MT103.

    Kind regards

    • Hi Nick,

      In the context of a cover payment, the receiver of the MT103 annoucement also receives MT950/MT910/MT202 COV. One of these messages (the cover) is needed for the reconciliation with the announcement. But the MT950 is an account statement. A correspondent bank may receive many payments (MT103 serial or MT202 serial, cheques, etc.), credits the account of the beneficiary (another bank) and then forwards an account statement to the beneficiary with the details of all the credited transactions. It is not required that the receiver gets the MT103 for each statement line.

      Jean Paul

  4. Hi Paul,

    These articles are really very helpful. thanks for putting them up.

    you mentioned in the previous article to go for that since UETR is not available in MT910 the workaround is to use MT950.
    Where can we introduce the UETR here?

    My second question is for the beneficiary bank. Once payments are agreed between banks, beneficiary bank sends MT210 (notice of receipt) to the correspondent / receiver bank. How can a MT210 be reconciled with MT910?

  5. Hi

    I am looking for such resources, for Gurgaon Location,for one of the Multinational Company, if anyone interested or have friends looking for change can email me there resume

    Payment Centre – only grads with minimum 18 months of relevant experience keywords are international payments experience, swift messages exp MT102, 103, 202, 201, 203 or inward outward payment experience.

    Reconciliation- experience into MT940 and 950 minimum 18 months experience.

    Deepak Mittal

  6. Hi Jean,

    I want to know if the response for an MT191 is an MT202. in other words, the MT191 is just a request, not an order.
    Thank you

  7. I believe some banks post credits to customers on the basis of MT 950 account statement without receipt of MT 103. Is the same safe from AML angle and acceptable to Regulators worldwide. Shall be happy to have a reply. Thanks.

  8. Hi Paul,

    I I’m getting a NACK({405:C03004}) back for the MT950 messages, but when I try to process them without any decimal value it gets processed without any NACKS and this is happening only with the JPY but not with the other currencies. Not sure what the issue is.


    Processes no issues

    I would really appreciate any help on this.

    • Hi Rakesh,

      JPY Currency don’t have Cents/Paisa hence when you are giving amount as JPY20000003,8 it is failing.


  9. Hi Rakesh,

    JPY Currency don’t have Cents/Paisa hence when you are giving amount as JPY20000003,8 it is afiling.


  10. Hi Jean Paul,

    Thanks for this explanation it’s very useful.

    I had a question on future dated transactions that appear in an MT950 message (example – the statement balance value date is 09/03 but a transaction on this statement has a value date of 10/03).

    I understand that for an MT940 you have the 65 tag available to populate a future available balance but this is not available in MT950s.

    How would you expect to view these transctions in the MT950 statement for value date 09/03?



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