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What is an MT 103 Field 23?

Updated: 9/14/2023
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15y ago

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What is an MT 103 and Field 23?

Is this an instrument in which the provider can be leveraged. Is this an obligation to pay? If this instrument is sent to one of the major world banks is their any risk of providing such an instrument?

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15y ago
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Q: What is an MT 103 Field 23?
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What is MT 103-72?

MT 103/72 is the new form of an MT 103/23. This is a conditional payment. The condition that will be in the field (72) will state that the MT103 Conditional payment is contigent upon Assay and shipping documents being provided in accordance with terms of the Contract Number


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