When an international payment transfer has been completed by the sending bank, an MT document is produced, and is a detailed confirmation of a swift payment. This will provide the sender and beneficiary with details of the payment and confirmation of the payment having been sent.
This document is often requested by the beneficiary if payment has not been received within three working days after confirmation of sending from the ordering customer. Swift MT SWIFT messages consist of five blocks of data including three headers, message content, and a trailer. This is followed by a three-digit number that denotes the message category, group and type.
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