Home › Forums › Best Deals (Banking/Shipping/Service Providers)

MT103/23

3 replies [Last post]
Mon, 08/09/2010 - 11:47
petrosources
Offline
Joined: 08/09/2010
Posts:
Printer-friendly versionPDF version

We have receive an offer to buy product and asked to place a "non-operative" MT103/23/

Does anyone know what this is?  WE have never heard of this before.

Thanks

Denise

 

 

‹ is it necessary sending documents thru bank for third country exports FIATA MULTIMODAL TRANSPORT B/L ›
Top
Mon, 08/09/2010 - 12:13
#1
Abrar
Offline
Joined: 03/12/2009
Posts:
MT103/23

Follow this link :http://letterofcreditforum.com/content/payment-mt10323

Top
Mon, 08/09/2010 - 13:24
#2
pan
Offline
Joined: 09/13/2007
Posts:
I made the same post

Hi Friends,

I made the same query due to a request of a customer willing to do this conditional payment against a bank guarantee MT 760 SWIFT Message. Conditional payments are made as per SWIFT Instructions and in any case, the bank has to pay the correspondent bank, via Target or other means, so it is not possible to consider an MT103/23 a suspended payment and avoid to debit the principal's account. Please speak with local SWIFT Representative and let us know.

Other comments appreciated

Ciao

Top
Tue, 08/10/2010 - 21:11
#3
naique
Offline
Joined: 08/10/2010
Posts:
SWIFT MT103/23B

Naique Pali

The mandatory field 23B (Bank Operation Code) allows you to segregate transfers to be handled under "SWIFT Service Level Agreements" from others under other private agreements to apply in the transaction.

The bank officer has a choice of four code words to use in fiel 23B: CRED (Credit), SPAY (SWIFT Pay SLA), SSTD (SWIFT Standard SLA) and SPRI (SWIFT Priority SLA), depending on your specific instructions about.

Contact your banker.

Top