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What is mt299?

Updated: 9/14/2023
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15y ago

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It is a swift format

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15y ago
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Q: What is mt299?
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What is text of SWIFT MT299 swift message?

Mt 999 is a unauthenticated free format text message sent to banks


SWIFT MT 100 and 102 and 200 and 205 and 201 and 202 and 299 and 203 and 202 and 204?

The MT100 is an interbank message which basically the sending bank advises the receiving bank to expect funds from the sending bank.An mT202 is the message that follows the MT100 advising the receiving bank the account number and beneficiary to pay the funds to.An MT299 is what is known as a 'tested' message. It is an interbank message which is secure and the beneficiary bank can act on the message.The above is genneraly correct, depending how specific you want to be there is no MT 100 in the current SWIFT user hand book; However 100 usually refers to the range of messages from 101-199. See belowCategory 1 Message TypesThe following table lists all message types defined in category 1.For each message type, there is a short description, an indicator whether the message type requires authentication (Y/N), the maximum message length on input (2,000 or 10,000 characters), whether the use of the message requires registration with SWIFT for use in a message user group (Y) or not (N) and whether value date ordering (VDO) can be requested for the message (Y/N). Value date ordering criteria are described in the Standards MT General Information.MTMT NamePurposeAuthen.Max.LengthMUGVDO101Request For TransferRequests to debit a customer's account held at another institutionY10,000YY102102+Multiple Customer Credit TransferConveys multiple payment instructions between financial institutionsY10,000YY103103+Single Customer Credit TransferInstructs a funds transferY10,000NY103 REMITSingle Customer Credit TransferInstructs a funds transferY10,000YY104Direct Debit and Request for Debit TransferConveys direct debit instructions or requests for direct debits between financial institutionsY10,000YY105EDIFACT EnvelopeAn envelope which conveys a 2k EDIFACT messageY2,000YN107General Direct DebitTo order the debit of a debtor's account and to collect payment from this accountY10,000YY110Advice of ChequeAdvises or confirms the issuance of a cheque to the drawee bankY2,000NY111Request for Stop Payment of a ChequeRequests the drawee bank to stop payment of a chequeY2,000NY112Status of a Request for Stop Payment of a ChequeIndicates action(s) taken in attempting to stop payment of a chequeY2,000NY190Advice of Charges, Interest and Other AdjustmentsAdvises an account owner of charges, interest and other adjustmentsY2,000NN191Request for Payment of Charges, Interest and Other ExpensesRequests payment of charges, interest or other expensesY2,000NN192Request for CancellationRequests the Receiver to consider cancellation of the message identified in the requestY2,000NN195QueriesRequests information relating to a previous message or amendment to a previous messageY2,000NN196AnswersResponds to an MT 195 Query or MT 192 Request for Cancellation or other message where no specific message type has been provided for a responseY2,000NN198Proprietary MessageContains formats defined and agreed to between users and for those messages not yet liveY10,000NN199Free Format MessageContains information for which no other message type has been defined