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MT940
MT940 is a specific SWIFT message types, SWIFT message type used by the SWIFT network to send and receive end-of-day bank account statements. Message Type 940 is the SWIFT standard (Banking Communication Standard) for the electronic transmission of account statement data. In various online banking programs, MT940 is used as an interface (computing), interface to other programs (e.g. for accounting), with which the account statement data are processed further. The MT formats (Message Types, MT) currently used in the SWIFT community, which also include MT940, are to be replaced in the long term by the XML formats described in the ISO 20022 standard to achieve global unification (see als. External links * MT940 ViewerMT940 Converter References Society for Worldwide Interbank Financial Telecommunication {{Compu-network-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SWIFT Message Types
SWIFT message types are the format or schema used to send messages to financial institutions on the SWIFT network. The original message types were developed by SWIFT and a subset was retrospectively made into an ISO standard, ISO 15022. In many instances, SWIFT message types between custodians follow the ISO standard. This was later supplemented by a XML based version under ISO 20022. Composition of MT number SWIFT messages consist of five blocks of data including three headers, message content, and a trailer. Message types are crucial to identifying content. All SWIFT messages include the literal "MT" (message type/text). This is followed by a three-digit number that denotes the message ''category'', ''group'' and ''type''. Consider the following two examples. Example 1 MT304 * 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 cheque ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |