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.

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.

  • The Specified Institution may cancel its Fund Transfer Instruction(s) sent to MAS by issuing a cancellation instruction by SWIFT MT199 or in writing signed by the authorised signatories listed in Annex 1 (“Cancellation Instruction(s)”) and delivering such instructions to the Finance Department of MAS by 1600 hours at least one (1) Business Day before the value date indicated in the Fund Transfer Instruction(s) (“Cancellation Cutoff Time”).

  • 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 Specified Institution authorises MAS to debit its Current Account or its RTGS Account in accordance with instructions that MAS may receive from the Specified Institution through CurrencyNet or by SWIFT MT199 or in writing signed by the authorised signatories listed in Annex 1.

  • Stocking of 12,000 mosquitofish ( Gambusia affinis) for biological control based on environmental factors and mosquito breeding.

  • The parties shall not nominate additional requirements for submission of documentation and other bank confirmations other than this agreement, three screen shots and bank endorsed PGL.2. There is no sender's bank officer involvement at any stage of the transaction, there will be no phone or screen verification and the sender bank officer will not send any emails or MT199 to receiver bank officer.

  • 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 Specified Institution authorises MAS to debit its Current Account or its RTGS Account in accordance with instructions that MAS may receive from the Specified Institution through CurrencyNet (where applicable), or by SWIFT MT202 or MT199, or in writing signed by the authorised signatories listed in Annex 1.

  • MT199 is another item used in banking, it is used to show why a transaction was not carried out.

Related to MT199

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