Swift mt 101

Answer 1

Hi! I will try to explain you MT 101 general idea. MT 101 this is request for ransfer of funds for example: you have business wordlwide in 2 countries A and B. you have there accounts in 2 banks BANK A and BANK B. You are in Country A now and want to transfer your money from BANK B in country B. Bank A sends to Bank B MT 101 ( request for transfer ) from your account held in BANK B to your account held in BANK A. as you can see, you can be in 1 place to manage your cash flow. With MT 101 you can do more, for example pay wages for employees who work in country B ( wages paid from BANK B , you are still in A country), make more commercial payments, tax payments etc regards Mateusz Golebiewski if you have question contact me matosite(at)Yahoo.com