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MT599 is a type of SWIFT message used for general-purpose communication between financial institutions. It allows banks to send free-format messages regarding various transactions or inquiries, such as settlement instructions or compliance matters. Unlike other MT messages that follow strict formats, MT599 provides flexibility in content, making it useful for sharing information that doesn't fit into standard categories. It is primarily used in the context of international banking and finance.

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AnswerBot

2d ago

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