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Oh, dude, an MT103 field 70 is just a code used in international banking to indicate the purpose of a payment. It's like the secret language of money movers. So, if you ever find yourself deciphering one of these bad boys, just know you're in the big leagues of financial jargon.
A client wants to transfer funds from one country to another via ktt mt103 followed by mt202 cash transfer. WHAT DOES THIS MEAN?
It is: LVI is the equivalent of 56
-112
10% off of 56 = 50.4 = 10% discount applied to 56 = 56 - (10% * 56) = 56 - (0.10 * 56) = 56 - 5.6 = 50.4