MT103 is the format banks use when they effect what is known to a layman as a wire transfer, cable transfer, telegraphic transfer or Swift transfer.
Suppose A has an account with Bank X and he needs to transfer money to B whose account is with Bank Y in another country. A goes to Bank X, fills out a remittance form with all particulars. Bank X debits A’s account and sends a Swift MT103 to Bank Y. Bank Y debits Bank X and credits B’s account and advises B that it has received a remittance.
That is all there is to MT103. Nobody who does not work in the telex room of a bank needs to know any more than that.
MT103 is a definite, authenticated, unconditional transfer of funds. In the above example Bank Y must credit B’s account, nothing more nothing less. There is no such thing as a Conditional MT103.It's another brokerspeak.
回複:請教小城和其他從阿裏巴巴進貨的大蝦們
所有跟帖:
• 謝謝大蝦百忙中答疑,但是這個MT103 -小柯- ♀ (231 bytes) () 05/19/2009 postreply 12:26:42
• 不要tt100%, 可以30%deposit, 70% pay aginst copies of ducument. -Turtledove- ♀ (0 bytes) () 05/19/2009 postreply 16:17:29