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A MT103 is a SWIFT message for Customer Transfer sent by the FInancial institution initiating the transfer(the Debit leg) to the Financial Instution of the benificary(credit leg).
It is an unconditional transfer ie when a Financial Instution gets a MT103 to credit a customer account it had to credit the customer account.
PS: SWIFT - Society for Worldwide Interbank Financial Telecommunication.
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MT 103 need Bank CFO or Bank Officer singnature?
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I give
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TALLGOAT38
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