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.
回复:请教小城和其他从阿里巴巴进货的大虾们
所有跟帖:
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谢谢大虾百忙中答疑,但是这个MT103
-小柯-
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05/19/2009 postreply
12:26:42
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不要tt100%, 可以30%deposit, 70% pay aginst copies of ducument.
-Turtledove-
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05/19/2009 postreply
16:17:29