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Let’s discuss about what really is an MT799 swift message, MT799 is a digital free format swift massage that is sent between bank servers which confirms proof of funds or proof of deposits on a particular or potential trade, it allows banks to communicate freely with each other using SWIFT system as a certification but…

What is MT202 MT202 SWIFT payments are known as international wire transfers, telegraphic transfers, standard EU payments. MT202 is a SWIFT message format for financial institution transfer. It is used to order the movement of funds to the beneficiary institution via another financial institution/Intermediary Bank. How it Began Initially MT202 was created to monitor an…