57A is the field to input 'Account with Institution'. This is where the beneficiary bank code should be input. It is often with the Correspondent Bank, however, that information should be on 54A.
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Field 50 is used to indicate the name and address of the ordering party of the outgoing payment
One way to transfer money is from customer A through their bank to another bank across the world or across town.
Mt 103 is a instruction send to bank or financial institution to pay final beneficiary. The fields in mt 103 elaborate the information regards to the transaction.
The best way to track the status of a Swift MT103, or international wire transfer, is to contact the institution that was used to make the transfer. They will be able to provide updates on the status of your transfer.