MT103
An MT103 is a standardized SWIFT payment message format used to instruct credit transfers between financial institutions for single customer transfers. It is the primary interbank message processed for cross-border wires, containing details of beneficiary, intermediary BICs, and value dates.
Aliases: SWIFT MT103, customer transfer message
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).