What is swift MT-542?

Answer 1

SWIFT MT-542 is a type of financial message used in the SWIFT network, specifically for the transfer of securities. It is part of the MT (Message Type) series and is used to instruct the transfer of securities between two parties, typically in the context of a settlement transaction. The message includes details such as the securities involved, the quantity being transferred, and the parties involved in the transaction. This format facilitates standardized communication between financial institutions, ensuring accuracy and efficiency in securities transactions.