What is a SWIFT MT 123-23?

Answer 1

A SWIFT MT 123-23 is a specific message type used within the SWIFT messaging system, primarily for financial transactions. It is part of the MT (Message Type) series, which facilitates communication between banks and financial institutions regarding payment instructions. The "23" indicates a particular version or variant of the MT 123 message, which is typically used for funds transfer or related financial operations. Each MT message has a defined structure and purpose, ensuring standardized communication in international banking.