MT199 definition

MT199 means a is an Interbank Message used between two banks to transmit a SKR or a free format message engaging two bank’s readiness to move forward with a transaction, usually a private one. A MT199 swift message is easily explained as a “chat” message. Basically you use this format when a transfer order has been sent and you want to “notify” the beneficiary bank in order to sort out something, or to find out if funds have been applied, or basic other info.
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Examples of MT199 in a sentence

  • A participant shall submit its IFT and SGSMB instructions (consolidated by counterparty) to the Service Provider by 1830hours using SWIFT MT199 or the Manual Input Form – SGD Payments (signed by at least two authorized signatories) for IFT instructions or the Manual Input Form – SGSMB Transactions for SGSMB instructions (collectively referred to as “Manual Input Forms”).

  • The format for the Cancellation Instruction(s) issued by SWIFT MT199 and in writing signed by authorised signatories, is set out in Annex 2C.

  • A participant shall submit its IFT and SGSMB instructions (consolidated by counterparty) to the Service Provider by 1830hours using SWIFT MT199 or the Manual Input Form – SGD Payments (signed by at least two authorised signatories) for IFT instructions or the Manual Input Form – SGSMB Transactions for SGSMB instructions (collectively referred to as “Manual Input Forms”).

  • At the time of remittance of the said funds to the said suspense account the Buyers or their bankers shall advise the Sellers bankers (via an MT199 message or otherwise) of the names of the persons authorised to release the relevant funds to the Sellers at the time of delivery.

  • The formats for the instruction by SWIFT MT202, and by SWIFT MT199 and in writing signed by authorised signatories, are set out in Annexes 2A and 2B respectively.

  • The formats for the Fund Transfer Instruction(s) issued by SWIFT MT202, and by SWIFT MT199 and in writing signed by authorised signatories, are set out in Annexes 2A and 2B respectively.

  • The Issuer shall two (2) Business Days prior to the day on which the Paying Agent is to receive any payment of principal, premium, if any, and interest on the Notes, procure that the bank effecting payment for the Issuer confirms by tested Swift MT199 message, email (or equivalent message) to the Paying Agent that the payment instructions relating to such payment have been sent to the Paying Agent.

  • The balance of the Purchase Price and all other sums payable on delivery, shall be remitted to Sellers’ Bank via conditional payment by SWIFT MT199 (and held to the strict order of the Buyers only) and released to the Sellers’ Account through agreed upon release instructions.

  • The Issuer shall on the Business Day prior to the day on which the Paying Agent is to receive any payment of principal, premium, if any, and interest on the Notes, procure that the bank effecting payment for the Issuer confirms by tested Swift MT199 message, email (or equivalent message) to the Paying Agent that the payment instructions relating to such payment have been sent to the Paying Agent.

  • IF BUYER INSISTS ON SATOSHI/AB TEST, BUYER WILL SEND MT199 (POF/RWA FOR PAYMENT OF MINIMUM 100BTC) and SELLER WILL EXECUTE SATOSHI/AB TEST.

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