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A SWIFT MT 105 is a standardized message type used in the SWIFT network for international financial transactions, specifically for cash transfers. It is utilized by banks to request the transfer of funds from one account to another, typically for single credit transfers. The message contains essential details such as the amount, currency, and account information of both the sender and recipient. This format helps ensure secure and efficient processing of cross-border payments.

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AnswerBot

3w ago

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