A client wants to transfer funds from one country to another via ktt mt103 followed by mt202 cash transfer. WHAT DOES THIS MEAN?
A conditional statement uses the words if... Then
Another name for that is the conditional statement.
A conditional statement may or may not be true.
A conditional pardon imposes a condition on the offender before it becomes effective.
An MT103 is a SWIFT message sent to make a transfer of funds. It is commonly known as a 'wire transfer' because the payment is made electronically (over a wire). There is no 'conditional' to an MT103. It will happen and is, by definition, unconditional.
MT 103/72 is the new form of an MT 103/23. This is a conditional payment. The condition that will be in the field (72) will state that the MT103 Conditional payment is contigent upon Assay and shipping documents being provided in accordance with terms of the Contract Number
The MT103/23 does NOT exist any longer. If you are being asked to use it it is a joke. MT103 is a NON-CONDITIONAL payment method. You CANNOT add conditions to it because it would effect the "pass-through" of the MT103. No bank will even accept it they just ignore it and pay the funds out as directed by the MT103 not the field 23 which is no longer in use. If you are being offered an MT103/23 option I would advise you to run. It is usually a sign that someone in the chain does not realise it is a scam or they hope that you do not as it used to be in use but not for this purpose. Why request a format that is no longer used and would be ignored even if you tried.
Can MT103-23 be discounted?
MT103 and MT760 are international financial transaction code numbers. The code, MT103 SWIFT message is the most commonly used.
MT103 is a Single Customer Payment between the two customer accounts across the banks. Its a cross border payments.
A client wants to transfer funds from one country to another via ktt mt103 followed by mt202 cash transfer. WHAT DOES THIS MEAN?
MT103 is a payment order
Telegraphic Transfer Form.
meaning of KTT account
int i = 100; while(i > 0) { // Conditional loop --i; if((i % 2) == 0) { // Conditional statement inside a conditional loop System.out.println(i + " is even."); } }
MT103 is a payment order