What is MT299 SWIFT message?

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.

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What is a SWIFT message?

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.

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How does SWIFT message look like?

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.

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