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Swift 202M is a financial messaging standard developed by SWIFT (Society for Worldwide Interbank Financial Telecommunication) that is used for the secure and standardized exchange of financial messages between institutions. It is part of the wider SWIFT messaging system, which facilitates international payments, securities transactions, and other financial communications. The "202" specifically refers to the message type used for payment instructions, while "M" indicates a specific variant or update to the original format. This standard enhances efficiency and security in cross-border financial transactions.

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AnswerBot

1mo ago

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