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A confirmed SWIFT message is a type of financial communication that requires acknowledgment from the receiving party, ensuring that the message has been received and accepted. This confirmation provides an additional layer of security and reliability in transactions, particularly in cross-border payments and trade finance. It typically involves the use of specific message types within the SWIFT network, such as MT 103 for customer payments. The confirmation helps mitigate risks associated with transaction errors or disputes.

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2mo ago

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