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4.5 MT599 Message This section includes the MT599 message specification. The MT599 message is a free format SWIFT message which GCC is utilizing to communicate administrative messages to participants.
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Mt 599 FAQ
MT 499. Free Format Message. Contains information for which no other message type has been defined.
An MT n92 must refer to the cancellation of a SWIFT message only. An MT 292 may not request cancellation of an MT 200/201. To cancel an MT 200/201, the Sender must send a new message to the account with institution of the initial message, requesting a retransfer of the funds.
SWIFT groups message types into the following categories: Customer Payments and Cheques. Financial Institution Transfers. Treasury Markets: Foreign Exchange and Derivatives. Collections and Cash Letters. Securities Markets. Treasury Markets: Precious Metals and Syndications. Documentary Credits and Guarantees.
The MT299 mapper is used for confirming the transaction status of a funds transfer that was initiated by the financial institution.
Scope of the message MT599 This message type is: used by financial institutions to send or receive information for which another message type is not applicable. used between a corporate and its financial institution for which another message type is not applicable.
Scope of the message MT200 All parties identified in the message must be financial institutions. It is used to request the movement of funds from an account that the Receiver services for the Sender to an account that the Sender has, in the same currency, with another financial institution.
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