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A client wants to transfer funds from one country to another via ktt mt103 followed by mt202 cash transfer. WHAT DOES THIS MEAN?
The KTT MT 103 is a SWIFT message type that is typically used for international wire transfers. According to the SWIFT website, as of November 2018, over 10,000 banks and financial institutions around the world were using the KTT MT 103.
No, honey, you can't do KTT with HSBC. KTT stands for Key Tested Telex, a secure form of communication used in financial transactions, and HSBC is a bank. It's like trying to mix oil and water - they just don't go together. Stick to more traditional methods for your banking needs, darling.