what do you mean by MT202 and what does its format include

Question

Accepted Answer

MT202 is a SWIFT message type used for bank-to-bank transfers and includes information about the sender, receiver, and transaction details.

MT202 is a SWIFT message type used for bank-to-bank transfers.
It provides information about the sender, receiver, and transaction details.
The format includes fields such as sender's reference, ordering customer, beneficiary customer, and transaction amount.
Example: MT202 message format: {1:F01BANKAUSXXAXXX1234567890}{2:I202BANKDEFFXXXXU3003}{4:
MT202 message format example: {1:F01BANKAUSXXAXXX1234567890}{2:I202BANKDEFFXXXXU3003}{4: :20:1234567890 :21:ABCDEFGHIJ :32A:210101USD1234567,89 -}

Accepted Answer

MT202 is the SWIFT message used for FX

Accepted Answer

MT202 is the SWIFT payment confirmation for the interbank transaction and it includes reference number, bank name, beneficiary, value date.

Top BNP Paribas Associate 1 interview questions & answers