MT103/23 is still TT (Tested Telex) but with condition to release money to your account, let say your buyer made MT103/23 and state that upon the presentation of POP or Invoice or BL, and that's it. It's not scam but you need to know what is that and what you have to deal with
meaning of KTT account
A client wants to transfer funds from one country to another via ktt mt103 followed by mt202 cash transfer. WHAT DOES THIS MEAN?
MT103/23 is still TT (Tested Telex) but with condition to release money to your account, let say your buyer made MT103/23 and state that upon the presentation of POP or Invoice or BL, and that's it. It's not scam but you need to know what is that and what you have to deal with
They don't have KTT code
Can MT103-23 be discounted?
MT103 and MT760 are international financial transaction code numbers. The code, MT103 SWIFT message is the most commonly used.
What is the KTT code for Emirates National bank of Dubai
What is KTT code for Standard Chartered Hong Kong Limited
key tested transfer
An MT103 is a SWIFT message sent to make a transfer of funds. It is commonly known as a 'wire transfer' because the payment is made electronically (over a wire). There is no 'conditional' to an MT103. It will happen and is, by definition, unconditional.
Key Tested Telex
The KTT MT 103 is a SWIFT message type that is typically used for international wire transfers. According to the SWIFT website, as of November 2018, over 10,000 banks and financial institutions around the world were using the KTT MT 103.