Cryptocurrency Q&A What is MT in money transfer?

What is MT in money transfer?

Raffaele Raffaele Wed Nov 13 2024 | 5 answers 1128
I'm trying to understand the meaning of 'MT' in the context of money transfer. I've seen this abbreviation used in financial transactions, but I'm not sure what it stands for or its specific function in the process. What is MT in money transfer?

5 answers

Dario Dario Fri Nov 15 2024
Category 2 message type is related to Financial Institution Transfers.

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charlotte_bailey_doctor charlotte_bailey_doctor Fri Nov 15 2024
This category bears the type designation MT 2xx.

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AzrilTaufani AzrilTaufani Fri Nov 15 2024
Category 1 message type pertains to Customer Payments and Cheques.

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InfinityEcho InfinityEcho Fri Nov 15 2024
Category 3 message type encompasses Treasury Markets, Foreign Exchange, Money Markets, and Derivatives.

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KatanaSharp KatanaSharp Fri Nov 15 2024
This category is designated with the type code MT 1xx.

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