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A Swift MT 998 is a code for a banking message. There are hundreds of codes in the message system. The particular Swift code MT 998 is considered to be a Proprietary Message.
An MT 103 is a SWIFT banking code or message. The MT 103 typically means a wire transfer is about to be made as a form of payment.
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A Swift MT 998 message is used in the SWIFT system for the communication of an "Free Format Message" which is sent by an account servicing institution to an account owner. It is typically used to provide information about transactions, account balances, or other financial information to the account owner. The MT 998 message serves as a notification to the account owner that the requested information has been provided.