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A MT 103 pre-advice is a SWIFT message type used in banking to notify a recipient bank about an incoming payment. It serves as an advance notice that a specific transaction will be processed, allowing the recipient bank to prepare for the funds' arrival. This message typically includes details such as the sender, beneficiary, and amount, but it does not guarantee that the funds have been transferred yet. The MT 103 pre-advice is commonly used in international wire transfers to enhance communication between banks.

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1mo ago

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