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MT 103-92 is a standardized message format used in international banking to facilitate the electronic transfer of funds between financial institutions. It is part of the SWIFT network and specifically designed for single customer credit transfers, providing detailed information about the transaction, including sender and receiver details, amount, and currency. The "92" indicates a specific version of the MT 103 format, which includes additional fields for enhanced data, such as regulatory compliance and reporting requirements. This message type is crucial for ensuring efficient and secure cross-border payments.

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1w ago

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