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MT103
It is part of the SWIFT payment system.
An MT103 is a detailed and standardized document that is generated when you complete an international wire transfer at a bank. It is part of the SWIFT payment system, and it is meant to act as a confirmation of payment, much like a receipt. It is the ‘proof’ that payment was made.
Related Glossaries
FX
The FX stands for Foreign Exchange (FX) Market.
ATS
Software application that enables the electronic handling of recruitment and hiring needs.
Tax collection
A tax collection is the act of collecting the taxes owing.
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