What is MT 103-72?

Answer 1

MT 103/72 is the new form of an MT 103/23. This is a conditional payment. The condition that will be in the field (72) will state that the MT103 Conditional payment is contigent upon Assay and shipping documents being provided in accordance with terms of the Contract Number

Answer 2

MT 103 is a SWIFT message type used for making a single payment from one financial institution to another. The "-72" extension refers to a specific variant of the MT 103 message that includes additional fields for regulatory reporting purposes. This variant is commonly used for cross-border payments and may include information such as the purpose of the payment, details of the sender and receiver, and any applicable fees.

Answer 3

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