SWIFT MT 910

Answer 1

The MT910 is a credit advice, it partner is the MT900 debit advice. Since statements are more periodic (end of day, weekly, monthly etc) the credit & debit advices are used to give immediate notice of a credit/debit to the account holder.

Example of use:

A cross border payment uses a combination of messages. Since a direct payment from Person A to B may not be possible, given B is in Another Country, A can pay his bank in his country (BankA), which pays BankACorr (Correspondent in the currency transferred in A's country) which pays BankBCorr (Correspondent in B's country) which pays BankB which pays B.

The equivalent SWIFT messaging happens this way. BankA sends MT103 message to BankB directly (no credit actually happens now). BankA sends MT202 to BankACorr, which sends MT202 to BankBCorr which sends MT910 (credit confirmation) and MT950 (statement) to BankB. The credit confirmation is the time the payment is actually received.

Below link tells a few things about the messages, but not all

http://publib.boulder.ibm.com/infocenter/wtxdoc/v8r2m0/index.jsp?topic=/com.ibm.websphere.dtx.packswiftref2.doc/references/r_lmfmessagemappingmt910.htm