SWIFT message types

Creates a new MT012 by parsing a String with the message content in its swift FIN format . If the fin parameter is null or the message cannot be parsed, the internal message object will be initialized (blocks will be created) but empty. If the string contains multiple messages, only the first one will be parsed.

What is an MT202? When a SWIFT payment is booked, an MT103 payment confirmation is created. This is a message from the sending bank to the recipient’s bank, instructing the recipient’s bank to credit the recipient a certain amount .

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a messaging system that runs on a network of financial institutions . It is used by thousands of banks worldwide to communicate information on financial transactions in a secure and standardized way.

A SWIFT MT104 message is used to request funds from the receiving bank to the sender (ie, a direct debit).

SWIFT groups message types into the following categories:

Scope of the message MT299 This message type is: used by financial institutions to send or receive information for which another message type is not applicable . used between a corporate and its financial institution for which another message type is not applicable.

To create a SWIFT message format