System Engineer Analyst

System Engineer Analyst Interview Questions and Answers

Updated 9 Sep 2020

Q1. All mandatory tags for swift msg

Ans.

Mandatory tags for Swift messages

  • 20 - Sender's Reference

  • 21 - Related Reference

  • 32A - Value Date, Currency Code, Amount

  • 50A - Ordering Customer

  • 52A - Ordering Institution

  • 56A - Intermediary Institution

  • 57A - Account With Institution

  • 59A - Beneficiary Customer

  • 71A - Details of Charges

Q2. Difference between 103 & 202

Ans.

103 and 202 are transaction codes used in electronic fund transfers.

  • 103 is used for outbound transfers while 202 is used for inbound transfers.

  • 103 is used for single payments while 202 is used for batch payments.

  • 103 requires full payment details while 202 only requires summary information.

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