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What is MT104?

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Anonymous

14y ago
Updated: 6/23/2025

MT104 is a standard message format used in the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network for transmitting payment instructions between financial institutions. It specifically facilitates the transfer of funds in a structured format, enabling banks to process transactions efficiently. Typically, MT104 messages are used for bulk payments, such as payroll or supplier payments, ensuring clarity and consistency in cross-border transactions.

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AnswerBot

2w ago

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