Knowledge (XXG)

SWIFT message types

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A MT304 message is considered an "Advice/Instruction of a Third Party Deal" and it used to advise of or instruct the settlement of a third party foreign exchange deal. For example, an asset manager who executed a FX transaction with a broker would send a MT304 instruction to the custodian bank of
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The first digit (3) represents the category. A category denotes messages that relate to particular financial instruments or services such as precious metals (6), treasury (3), or traveller's cheques (8). The category denoted by 3 is treasury
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The third digit (3) is the type that denotes the specific message. There are several hundred message types across the categories. The type represented by 3 is a notification.
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The third digit (4) is the type that denotes the specific message. There are several hundred message types across the categories. The type represented by 4 is a notification.
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SWIFT messages consist of five blocks of data including three headers, message content, and a trailer. Message types are crucial to identifying content.
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The second digit (0) represents a group of related parts in a transaction life cycle. The group indicated by 0 is a financial institution transfer.
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The second digit (0) represents a group of related parts in a transaction life cycle. The group indicated by 0 is a financial institution transfer.
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All SWIFT messages include the literal "MT" (message type/text). This is followed by a three-digit number that denotes the message
361: 34:. In many instances, SWIFT message types between custodians follow the ISO standard. This was later supplemented by a 331: 322:
message types are different in their structure than the SWIFT MT, the naming convention remains the same.
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A MT103 message is considered a "Single Customer Credit Transfer" and is used to instruct a funds transfer.
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network. The original message types were developed by SWIFT and a subset was retrospectively made into an
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The first digit (1) represents the category. The category denoted by 1 is customer payments and cheques.
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The table below shows the different categories and the message type descriptions.
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are the format or schema used to send messages to financial institutions on the
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Society for Worldwide Interbank Financial Telecommunication
374:"ISO15022 Data Field Dictionary - Index of Messages" 359:Message standards supported by the SWIFT network: 399:. Basingstoke, Hampshire: Springer. p. 27. 8: 253:Treasury markets – metals and syndications 65:. Consider the following two examples. 362:"Standards MT & MX Equivalence Table" 124: 387: 16:International banking protocol messages 7: 397:Global Custody and Clearing Services 304:Cash management and customer status 270:Documentary credits and guarantees 454:"List of all SWIFT Messages Types" 430:"List of all SWIFT Messages Types" 371:Message types defined in ISO15022 14: 185:Financial institution transfers 339:(standard format for SWIFT IDs) 118:Overview of SWIFT MT categories 395:McGill, R.; Patel, N. (2008). 168:Customer payments and cheques 1: 219:Collection and cash letters 500: 137:Number of message types 46:Composition of MT number 332:Delivery versus payment 367:. SWIFT. 28 July 2017. 287:Traveller's cheques 38:based version under 236:Securities Markets 20:SWIFT message types 311: 310: 202:Treasury markets 491: 468: 467: 465: 464: 450: 444: 443: 441: 440: 426: 420: 417: 411: 410: 392: 377: 368: 366: 151:System messages 125: 499: 498: 494: 493: 492: 490: 489: 488: 474: 473: 472: 471: 462: 460: 452: 451: 447: 438: 436: 428: 427: 423: 418: 414: 407: 394: 393: 389: 384: 372: 364: 360: 356: 328: 316: 301: 284: 267: 250: 233: 216: 199: 182: 165: 148: 120: 92: 48: 17: 12: 11: 5: 497: 495: 487: 486: 476: 475: 470: 469: 445: 421: 412: 405: 386: 385: 383: 380: 379: 378: 369: 355: 354:External links 352: 351: 350: 345: 340: 334: 327: 324: 315: 312: 309: 308: 305: 302: 299: 296: 292: 291: 288: 285: 282: 279: 275: 274: 271: 268: 265: 262: 258: 257: 254: 251: 248: 245: 241: 240: 237: 234: 231: 228: 224: 223: 220: 217: 214: 211: 207: 206: 203: 200: 197: 194: 190: 189: 186: 183: 180: 177: 173: 172: 169: 166: 163: 160: 156: 155: 152: 149: 146: 143: 139: 138: 135: 132: 129: 119: 116: 112: 111: 108: 105: 86: 85: 82: 79: 47: 44: 15: 13: 10: 9: 6: 4: 3: 2: 496: 485: 482: 481: 479: 459: 455: 449: 446: 435: 431: 425: 422: 416: 413: 408: 406:9781349282883 402: 398: 391: 388: 381: 375: 370: 363: 358: 357: 353: 349: 346: 344: 341: 338: 335: 333: 330: 329: 325: 323: 321: 313: 306: 303: 297: 294: 293: 289: 286: 280: 277: 276: 272: 269: 263: 260: 259: 255: 252: 246: 243: 242: 238: 235: 229: 226: 225: 221: 218: 212: 209: 208: 204: 201: 195: 192: 191: 187: 184: 178: 175: 174: 170: 167: 161: 158: 157: 153: 150: 144: 141: 140: 136: 133: 131:Message type 130: 127: 126: 123: 117: 115: 109: 106: 103: 102: 101: 100: 96: 95: 90: 83: 80: 76: 75: 74: 71: 70: 66: 64: 60: 56: 51: 45: 43: 41: 37: 33: 29: 25: 21: 461:. Retrieved 457: 448: 437:. Retrieved 433: 424: 415: 396: 390: 317: 314:ISO 15022 MT 134:Description 121: 113: 97: 93: 91: 89:the client. 87: 72: 68: 67: 62: 58: 54: 52: 49: 28:ISO standard 19: 18: 463:2020-01-07 458:Paiementor 439:2020-01-07 434:Paiementor 382:References 419:swift.com 343:MT202 COV 320:ISO 15022 318:Although 128:Category 94:Example 2 69:Example 1 40:ISO 20022 32:ISO 15022 478:Category 337:ISO 9362 326:See also 55:category 78:markets 403:  376:. ISO. 73:MT304 365:(PDF) 348:MT940 99:MT103 59:group 24:SWIFT 401:ISBN 63:type 61:and 307:21 298:MT9 290:11 281:MT8 273:29 264:MT7 256:22 247:MT6 239:60 230:MT5 222:17 213:MT4 205:27 196:MT3 188:18 179:MT2 171:19 162:MT1 145:MT0 36:XML 480:: 456:. 432:. 300:xx 295:9 283:xx 278:8 266:xx 261:7 249:xx 244:6 232:xx 227:5 215:xx 210:4 198:xx 193:3 181:xx 176:2 164:xx 159:1 154:- 147:xx 142:0 57:, 42:. 30:, 466:. 442:. 409:.

Index

SWIFT
ISO standard
ISO 15022
XML
ISO 20022
MT103
ISO 15022
Delivery versus payment
ISO 9362
MT202 COV
MT940
"Standards MT & MX Equivalence Table"
"ISO15022 Data Field Dictionary - Index of Messages"
ISBN
9781349282883
"List of all SWIFT Messages Types"
"List of all SWIFT Messages Types"
Category
Society for Worldwide Interbank Financial Telecommunication

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