It is a foreign exchange confirmation message. Swift sends system to system messages to tell other systems that something needs to be done. Once a confirmation document has been created an MT 300 will be sent to a counterparties system to tell them that the confirmation has been created and that they need to create /send a confirmation from their system in order to match the fields/information associated with a trade. However this is all dependant on whether the counterparties bank has access to the SWIFT network, if they don't then normal paper/e-mail/fax etc confirmations maybe sent out which don't require a SWIFT to be sent.
SWIFT messages are set out very much like xml i.e <customer id> but instead uses uniform field names like :16r, which I believe is used to deal with different names for fields in different systems.
I work within the Back Office of an Investment Bank
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Its a type of message between financial institutions to confirm foreign exchange operations.
I don't think an MT301 exists. An MT300 is an FX Confirmation and an MT103 is a confirmation for making a payment.
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Her mother name would happen to be, Andrea Swift.
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