GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

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DOMAIN 03 / 12 TOPICS

SWIFT & MT

The SWIFT network, BICs, the MT message family, and how correspondent banks route customer and institution transfers serially or with cover.

  1. 018 MIN
    The SWIFT network and BICsWhat the SWIFT network actually is, what FIN does, and how a BIC identifies a bank — the addressing layer behind cross-border payments.AFTER: The payment lifecycle
  2. 0212 MIN
    MT message structureHow an MT message is put together: five blocks, numbered field tags, and the references that let banks track one payment across many systems.AFTER: The SWIFT network and BICs
  3. 0315 MIN
    MT103: the customer credit transferThe MT103 carries one customer credit transfer between banks — who pays, who gets paid, how much, and who bears the charges along the way.AFTER: MT message structure · Correspondent banking, nostro & vostro
  4. 0410 MIN
    MT101: the request for transferThe MT101 lets a customer ask a bank to move money from its own account — a request for transfer, not the interbank payment itself.AFTER: MT103: the customer credit transfer
  5. 0512 MIN
    MT202 and MT202 COVMT202 moves money between banks; MT202 COV is the variant that funds a customer payment and must show whose payment it is.AFTER: MT103: the customer credit transfer
  6. 0610 MIN
    MT9xx: confirmations and statementsMT910 confirmations and MT940 statements tell a bank what happened on its accounts at other banks — the raw material of reconciliation.AFTER: MT103: the customer credit transfer
  7. 0715 MIN
    Serial versus cover routingTwo ways to route the same payment: pass the MT103 bank to bank, or send it direct and move the money separately with an MT202 COV.AFTER: MT103: the customer credit transfer · MT202 and MT202 COV
  8. 0812 MIN
    The annual Standards Release (MSR)SWIFT updates its message standards once a year, and every connected institution moves to the new version on the same November weekend — the annual Standards Release.AFTER: MT message structure
  9. 0912 MIN
    SWIFT gpi and payment trackingSWIFT gpi adds speed and transparency rules on top of the network and gives one reference, the UETR, that follows a payment end to end so banks can track it.AFTER: The SWIFT network and BICs
  10. 1017 MIN
    SWIFT connectivity, messaging services, and the CSPThe Swift messaging services FIN, InterAct, and FileAct, the validation that guards them, and the Customer Security Programme that hardens every user's environment.AFTER: The SWIFT network and BICs
  11. 1114 MIN
    SWIFTRef and reference data directoriesTrusted directories of codes, identifiers, and settlement instructions keep payments routed correctly and out of manual repair.AFTER: The SWIFT network and BICs
  12. 1216 MIN
    The Swift services portfolio and platformSwift is more than messaging: connectivity, gpi, low-value payments, hosted compliance, and a central transaction platform sit around the network.AFTER: SWIFT gpi and payment tracking